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Risk management activities of a non-industrial private forest owner with a bivariate utility function
Brunette, Marielle; Couture, Stéphane - Laboratoire d'Économie Forestière, Département … - 2014
In this paper, we propose to analyse the choice of risk management activity made by a non-industrial private forest … owner who derives utility from consumption and from the sentimental value of the forest that bears a risk of disaster. We … that risk aversion increases the level of insurance demand and selfinsurance activity, extending this standard result …
Persistent link: https://www.econbiz.de/10010782030
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Hedging Strategies in Forest Management
Brunette, Marielle; Couture, Stephane; Langlais, Eric - Laboratoire d'Économie Forestière, Département … - 2007
practices. We show that: 1/ the harvesting rule, in the presence of amenity services and a random growth rate for forest, is … undertake sylvicultural practices, the harvesting rule displays a specific sensitivity to price effects and/or changes in the …
Persistent link: https://www.econbiz.de/10005466658
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Effects of Public Compensation for Disaster Damages on Private Insurance and Forest Management Decisions
Brunette, Marielle; Couture, Stephane - Laboratoire d'Économie Forestière, Département … - 2007
, attitudes toward risk, stand value, and the magnitude and frequency of the public compensation on insurance expenditures and on …
Persistent link: https://www.econbiz.de/10005466666
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Learning and Fatigue Effects Revisited. The Impact of Accounting for Unobservable Preference and Scale Heterogeneity on Perceived Ordering Effects in Multiple Choice Task Discrete...
Czajkowski, Mikołaj; Giergiczny, Marek; Greene, William H. - Wydział Nauk Ekonomicznych, Uniwersytet Warszawski - 2012
Using multiple choice tasks per respondent in discrete choice experiment studies increase the amount of available information. However, treating repeated choice data in the same way as cross-sectional data may lead to biased estimates. In particular, respondents’ learning and fatigue may lead...
Persistent link: https://www.econbiz.de/10010551120
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Assessing forest management strategies using a contingent valuation approach and advanced visualisation techniques: A Portuguese case study
Madureira, Lívia; Nunes, Luis C.; Borges, José G.; … - In: Journal of Forest Economics 17 (2011) 4, pp. 399-414
The assessment of alternative forest management strategies should account not only for the private benefits to forest landowners but also for the ecological, environmental and economic benefits valued by society. There are a number of empirical valuation methods that may contribute to that...
Persistent link: https://www.econbiz.de/10011047941
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Count Models and Wildfire in British Columbia
van Kooten, Gerrit Cornelis; Xu, Zhen - Department of Economics, University of Victoria - 2013
Two count models are estimated in this analysis to explain the occurrence of wildfire and area burned by wildfire in the interior of British Columbia, Canada. The main explanatory variable is the 4-month lagged El Niño 1&2 index, which is found to have a strong positive influence on wildfire in...
Persistent link: https://www.econbiz.de/10010729023
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Economic Valuation of Forest Ecosystem Services: Methodology and Monetary Estimates
Chiabai, Aline; Travisi, C. M.; Ding, H.; Markandya, A.; … - Fondazione ENI Enrico Mattei (FEEM) - 2009
By using ad hoc value transfer protocols, this paper offers a methodological contribution and provides accurate per hectare estimates of the economic value of some selected ecosystem services for all forest biomes in the world, identified following the Millennium Ecosystem Assessment taxonomy...
Persistent link: https://www.econbiz.de/10005012132
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Assessing Impacts of Alternative Renewable Energy Strategies
d'Artis Kancs; Kremers, Hans - Economics and Econometrics Research Institute (EERI) - 2002
The preparation, implementation, coordination and verification of policy measures is a complex and difficult process. This paper presents the first results of an empirical ex-ante analysis which evaluates the effects of renewable energy policies on the bioenergy sector applying an Applied...
Persistent link: https://www.econbiz.de/10005622644
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Timber Supply, Amenity Values and Biological Uncertainty.
Koskela, E.; Ollikainen, M. - Politiikan ja Talouden Tutkimuksen Laitos, … - 1998
on harvesting behavior when forest owners have preferences over harvest revenue and amenity services of forest stands. …
Persistent link: https://www.econbiz.de/10005775844
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Climate Change and the Cost of Carbon Sequestration: The Case of Forest Management
Goetz, Renan Ulrich; Hritonenko, Natali; Mur, Ruben; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2008
The Kyoto protocol allows Annex I countries to deduct carbon sequestered by land use, land-use change and forestry from their national carbon emissions. Thornley and Cannell (2000) demonstrated that the objectives of maximizing timber and carbon sequestration are not complementary. Based on this...
Persistent link: https://www.econbiz.de/10010851368