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Timber Supply, Amenity Values and Biological Uncertainty.

Koskela, E.; Ollikainen, M. - Politiikan ja Talouden Tutkimuksen Laitos, … - 1998

This paper uses the Kreps-Porteus-Selden non-expected utility approach to study the effects of biological uncertainty on harvesting behavior when forest owners have preferences over harvest revenue and amenity services of forest stands.

Persistent link: https://www.econbiz.de/10005775844

Bequest Intentions of Forest Landowners: Theory and Empirical Evidence.

Amacher, G.S.; Koskela, E.; Ollikainen, M.; Conway, M.C. - Politiikan ja Talouden Tutkimuksen Laitos, … - 1999

This paper extends the overlapping generations model of the forest sector with the one-sided altruism to study the conditions under which monetary and/or timber bequests are operative. The paper departs from the general public finance literature by assuming nonindustrial landowners have...

Persistent link: https://www.econbiz.de/10005625257

Optimal Forest Policies in an Overlapping Generations Economy with Timber Bequests.

Amacher, G.S.; Koskela, E.; Ollikainen, M. - Politiikan ja Talouden Tutkimuksen Laitos, … - 2000

This paper studies optimal forest policies in an overlapping generations forest economy with one-sided altruism and public goods, where timber and monetary bequests can be made across generations. We extend the existing economics literature by demonstrating that timber bequests can dominate...

Persistent link: https://www.econbiz.de/10005625261

Optimal Forest Taxation under Private and Social Amenity Valuation.

Koskela, E.; Ollikainen, M. - Politiikan ja Talouden Tutkimuksen Laitos, … - 2000

This paper analyzez socially optimal forest taxation when the government has a binding tax revenue requirement. In the Faustmann model the optimal design of forest taxation consists of non-distortionary taxes, such as site productivity tax, site value tax or profit tax.

Persistent link: https://www.econbiz.de/10005625267

Forest Taxation and Private Rotation Age: New Results.

Koskela, E.; Ollikainen, M. - Politiikan ja Talouden Tutkimuksen Laitos, … - 1999

This paper studies the impact of harvesting, property and profit taxes on private rotation age in an ongoing rotations model, where the private forest owner is interested not only in the present value of harvest revenue, but also in the amenity services provided by the forest stand.

Persistent link: https://www.econbiz.de/10005625270

Forest Rotation under Spatial and Temporal Interdependence: a Re-Exmination.

Koskela, E.; Ollikainen, M. - Politiikan ja Talouden Tutkimuksen Laitos, … - 2000

The Hartman rotation framework augmented with an endogenous private and an exogenous adjacent forest stand is used to re-examine the optimal rotation age, when both stands may be spatially and temporally interdependent in the provision of amenity services.

Persistent link: https://www.econbiz.de/10005625274

Forest Conservation - Too Much or Too Little? A Political Economy Model.

Eerola, E. - Politiikan ja Talouden Tutkimuksen Laitos, … - 2000

This paper studies the formation of forest conservation policy when the government is influenced by an environmental … determined conservation policy always departs from the socially optimal policy in favor of the more efficient lobby. But when the … forest product is destined for domestic markets conservation may ve excessive from the social point of view even though the …

Persistent link: https://www.econbiz.de/10005474889