Dwindling area of old-growth forest is of concern in many regions of the world. Forest reserves provide one solution. But highly productive timberlands are typically excluded from reserves due to cost. In this study, old-growth forest is defined by structural attributes believed to be important...

Some scholars suggest that global timber markets, especially those involving high value species, are a leading cause of tropical deforestation. Despite limited empirical evidence, this hypothesis rests on the assumption that global timber markets respond to a common equilibrating mechanism that...

This paper examines the costs of meeting explicit targets for increments of carbon sequestered in forests when both forest management decisions and the area offorests can be varied. Costs are estimated as welfare losses in markets for forest and agricultural products. Results show greatest...

Stochastic frontier analysis was employed to investigate technical efficiency and productivity growth in the sawmilling industry of the U.S. Pacific Northwest over the period 1968-2002. The results of our analysis indicate that productivity growth was strong over the 30-year study period, due...

Production of renewable energy from biomass has been promoted as means to improve greenhouse gas balance in energy production, improve energy security, and provide jobs and income. However, uncertainties remain as to how the agriculture and forest sectors might jointly respond to increased...

Assumptions regarding landowner participation, whether mandatory or voluntary, are an important determinant in evaluating the implications of a carbon offset sales program. We modify an existing intertemporal optimization model of the US forest and agriculture sectors to allow optional...

The forest sector faces changing political paradigms and volatile policy measures. Policy makers rely on economic and biological models to inform them of the impacts and risks associated with both anticipated and unforeseen policies or shocks to the system. Assumptions about agents' knowledge of...