Tee, James; Scarpa, Riccardo; Marsh, Dan; Guthrie, Graeme - In: Land Economics 90 (2014) 1
Under the New Zealand Emissions Trading Scheme, forests planted on or after January 1, 1990, earn carbon credits. These credits have to be repaid when the forest is harvested. This paper analyses the effects of this scheme on the value of bareland on which radiata pine is to be planted. A real...