Public choice economics view legislative process as a transaction in the political market. Interest groups demand regulation in their favor and lobby lawmakers. The lawmakers analyze an assortment of factors and supply legislation to the winning group, thereby maximizing their rent from the...

Capital asset pricing model (CAPM) and arbitrage pricing theory (APT) are used to assess the financial performance of eight forestry-related investment vehicles. Although results from APT support previous findings from CAPM about timberland investments, three bodies of evidence show that APT...

Forestry cannot be isolated from the forces that drive all economic activity. It involves using land, labour, and capital to produce goods and services from forests, while economics helps in understanding how this can be done in ways that will best meet the needs of people. Therefore, a firm...

We use key events associated in the two decade-long U.S.–Canada softwood lumber trade dispute to present the dynamic relationship between U.S. Congress and the Administration in the formation of international trade policy. We find that the executive branch of the U.S. government responded...

Environmental regulations and public financial assistance programs are the typical ``sticks’ ’ and ``carrots’ ’ facing non-industrial private forest (NIPF)landowners in the U.S. This paper presents a theoretical framework and empirical evidence on the impacts of the Endangered Species...

This paper uses the gravity model to investigate determinants of China's wood products trade from 1995 to 2004. The results suggest that trade partners' forest resource endowment and China's own logging restrictions policy affect its wood products imports and exports. China's exported wood...