This paper develops a dynamic model of land, crop, and residue management choices in a typical Midwestern farm region. Carbon renting policy is implemented with alternative assumptions about relative crop prices. Model results show following results. First, crop choice between corn and soybean...

This study develops a model of land use change in the Midwestern States of Ohio, Indiana, and Illinois. Given the emergence of spatial econometrics, three models are compared to assess the sensitivity of the estimates to alternative assumptions about the distribution of their errors. Projections...

A multiperiod regional mathematical programming model is used to evaluate the potential economic impacts of global climatic change on the southern U.S. forestry sector. Scenarios for forest biological response to climate change are developed for small and large changes in forest growth rates....

A model of product and land markets in U.S. forest and agricultural sectors is used to examine the private forest management, land use, and market implications of carbon sequestration policies implemented in a “least social cost” fashion. Results suggest: policy-induced land use changes may...

This study develops cumulative carbon ''supply curves'' for global forests utilizing a dynamic timber supply model for sequestration of forest carbon. Because the period of concern is the next century, and particular time points within that century, the curves are not traditional Marshallian...

Implementation arrangements for Reducing Greenhouse Gas Emissions from Deforestation and Forest Degradation can be seen as contracts that could address some of the inherent problems with forest carbon credits that often lead to high transaction costs -- measuring, monitoring, and verification....