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Amenities and Risk in Forest Management
Couture, Stephane; Marielle, Brunette; Langlais, Eric - 2011
The objective of the paper is to analyze the risk management behavior of a non-industrial private forest owner under … uncertainty about the timber production. Two types of hedging strategies with harvesting decisions are studied: a financial … practice versus a physical one. We develop a two-period model of hedging and harvesting decisions when the forest owner values …
Persistent link: https://www.econbiz.de/10014209855
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Challenges and Opportunities With Native Forestry on Māori Land
Pohatu, Pia; O’Brien, Sophie; Mercer, Leo - 2021
Domestically and abroad, government policies aim to increase afforestation and provide the many environmental and social benefits that afforestation can deliver. For multiply-owned Māori land in Aotearoa New Zealand, decision-makers often face extra challenges that may hinder their ability to...
Persistent link: https://www.econbiz.de/10013247613
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Hedging Strategies in Forest Management
Marielle, Brunette; Couture, Stéphane; Langlais, Eric - 2011
. We show that: 1/ the harvesting rule, in the presence of amenity services and a random growth rate for forest, is smaller … substitutable tools for the management of natural hazards. However, our analysis predicts that the harvesting rule displays a …
Persistent link: https://www.econbiz.de/10014223590
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Optimal Location of New Forests in a Suburban Region
Moons, Ellen - 2014
This paper looks at the optimal location of new forests in a suburban region under area constraints. The GIS-based methodology takes into account use benefits such as timber, hunting, carbon sequestration and recreation, non-use benefits (both bequest and existence values), opportunity costs of...
Persistent link: https://www.econbiz.de/10012709679
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20 Years of Stated Preference Valuation of Non-Timber Benefits from Fennoscandian Forests : A Meta-Analysis
Lindhjem, Henrik - 2008
Stated preference (SP) surveys have been conducted to value non-timber benefits (NTBs) from forests in Norway, Sweden and Finland for about 20 years. The paper first reviews the literature and summarises methodological traditions in SP research in the three countries. Second, a meta-regression...
Persistent link: https://www.econbiz.de/10014213234
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Management Challenges for Multiple-Species Boreal Forests
Crepin, Anne-Sophie - 2004
owners continuously harvest several species, more than one harvesting strategy can be optimal. Which one it is depends on the … harvesting of one tree species is preferred, the optimal period between each harvesting occasions depends on other species …
Persistent link: https://www.econbiz.de/10014074141
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Management challenges for multiple-species boreal forests
Crépin, Anne Sophie - 2003
Persistent link: https://www.econbiz.de/10001928175
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Management challenges for multiple-species boreal forests
Crépin, Anne Sophie - 2003
owners continuously harvest several species, more than one harvesting strategy can be optimal. Which one it is depends on the … harvesting of one tree species is preferred, the optimal period between each harvesting occasions depends on other species …
Persistent link: https://www.econbiz.de/10011593016
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Permanent forest investment in a climate of uncertainty
Grimes, Arthur; Cortés Acosta, Sandra - 2021
Forestry investment involves long time horizons, and planting decisions must be made amidst a range of uncertainties. In the context of these uncertainties, we analyse investment decisions that involve plantation of existing grazing land in exotic versus indigenous forest species. We discuss how...
Persistent link: https://www.econbiz.de/10013324383
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Leveraging global climate finance for sustainable forests : opportunities and conditions for successful foreign aid to the forestry sector
Pascual, Unai; Garmendia, Eneko; Phelps, Jacob; Ojea, Elena - 2013
Forest loss and degradation remains a leading environmental problem. The long history of sustainable forest management has often failed to meet expectations - constrained by funding, governance, capacity and competing interests. Initiatives from the climate change policy arena are opening new...
Persistent link: https://www.econbiz.de/10009746383