We use a Wicksellian single rotation framework to analyze the impact of the intertemporally fluctuating and stochastic mean-reverting interest rate process on the optimal harvesting threshold and thereby the expected length of the rotation period, when forest value is also stochastic following...

We study the potential of tropical multi-age multi-species forests for sequestering carbon in response to financial incentives from REDD+. The use of reduced impact logging techniques (RIL) allows a forest owner to apply for carbon credits whereas the use of conventional logging techniques (CL)...

This paper examines the effects of deforestation on the welfare of rural communities in the Congo Basin. Using moment conditions of agricultural and forest exploitations, findings indicate deforestation significantly improves welfare both at overall-rural and agricultural household per capita...

Since its creation more than two decades ago as a voluntary market-based approach to improving forest management, forest certification has proliferated rapidly in developing countries. Yet we know little about whether and under what conditions it affects deforestation. We use rich forest...

Deforestation is a large contributor to climate change. Controlling deforestation is difficult, especially because there are 484 million of hectares of forest that are community owned. In principle this arrangement could lead to a tragedy of the "commons", however there could be economies of...

Recent distressing trends in climate change, population explosion and deforestation inspired this paper, which completes existing literature by providing empirical justification to hypothetical initiatives on the impact of population growth on forest sustainability in Africa. Using three...

Non-timber forest products (NTFP) are commonly used by poor agricultural households of developing countries to smooth their consumption and to cope with agricultural risk. This paper explores the potential implications of this safety-net use on the land-use choice and labor allocation. We...

REDD+, when it officially became part of the international climate agenda in 2007, was an idea about payment to countries and projects for reducing emission from forests, with funding primarily from carbon markets. REDD+ has since become multi-objective; the policy focus has changed from payments...