Improving information about individual opportunity costs of deforestation agents has the potential to increase the efficiency of REDD when it takes the form of a payment for environmental services scheme. However, objectives pursued in REDD projects may vary across policy makers. Within a...

Domestic and foreign forest products consumptions are considered imperfectly substitutable in the French Forest Sector Model (FFSM). This assumption is justified by product heterogeneities that depend on production places, by the consumers habits or by the market structure. It leads us to...

This paper analyzes the role of private storage in a market for a commodity (e.g. natural gas) whose supply is subject to the threat of an irreversible disruption. We focus on the medium term in which seasonality of demand and exhaustibility can be neglected. We characterize the price and...