Mainstream economists have begun voicing disquiet about how dicounting affects values ascribed to the distant future. It has been proposed that discount rates should decline through time. Some reasons for this (hyperbolic discounting by one individual, fair treatment of future generations,...

Selective logging operations in natural tropical forests often involve a very limited number of commercial tree species and if the density of these species is low, the number of trees felled may be only a few per ha. Consequently the costs of road and trail networks have a significant impact on...

This paper presents the latest information on the Japanese marketing environment of structural lumber that is used for house construction. The demand for lumber has decreased, while the demand for structural laminated lumber has been rapidly increasing. The changes in end-users' requirements...

The sustainability issue has gained importance during the last two and a half decades, starting with the UN Report “Our Common Future”. As the transformation to a sustainable economy is far from being an automatism, instruments to foster sustainable development are required. This demand has...

In the context of the Government’s Climate and Energy Strategy, it is estimated that the primary use of wood-based fuels in Finland will be about 100 TWh by the year 2020. The overall target set for forest chips is 25 TWh. The objective of the research carried out by Metsäteho Oy and Pöyry...

Taking responsibility refers to balancing economic, social, and environmental concerns. Based on a short literature review about corporate responsibility and research about small scale forest owners this paper discusses small scale forest owners’ responsibilities for achieving a true...

A company needs to know what it knows and how to take care of this knowledge. The way forest knowledge is handled within a forest company is a means to turn knowledge into a source of competitive advantage. Forest data and its information are important parts of the forest planning. The aim of...

We examine the use of performance bonds in tropical forest concessions. Bonds are a promising new policy instrument that have been discussed in several articles and used in some cases as a way of encouraging adoption of sustainable forest management practices, including reduced impact logging...

In this short paper I analyse the development of returns to forest land in Denmark for the period 1947 to 2007. The data used are fairly unique time series of forest enterprises annual accounts in combination with property value assessments over the entire period. They allow for a dissection of...