Since at least the time of von Thünen's contributions to the subject, economists have been interested in explaining land use in the hinterlands. This interest has grown with increasing societal demands on remaining forested areas and concern for the nonmarket resources generated by such...

Forests can play a large role in climate change through the sequestration or emission of carbon, an important greenhouse gas; through biological growth, which can increase forest stocks; or through deforestation, which can increase carbon emissions. Carbon is captured not only in tree biomass...