Because habitat conversion is the greatest threat to species, this article focuses on economic incentives for private land users to protect habitat. Habitat protection policies that fail to account for private incentives often have unintended negative consequences. Private incentives for habitat...

This paper presents economic rules for harvest timing when timber and nontimber goods, services, and ecological functions are produced from forest stands. Forests include stands that are heterogeneous in age, land quality, and distance to market. Rules for allocating land between forest and...