Papers on optimal harvesting regimes for maximizing land expectation value (LEV) that compare different logging practices often ignore differences in variable costs and in damages on the residual stand between logging practices. We use data on a multi-age, multi-species forest in East-Kalimantan...

The paper examines the theory of optimal forest management with a view to describing its transition dynamics. In contrast to the literature's emphasis on long-run behavior of optimally managed forests, we focus on the nature of the optimal policy function, which describes the harvesting and...

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...

In this study, we argue that while community forest management is effective in protecting forest resources as argued by Ostrom, it may fail to provide proper incentives to take care of such resources because of collective sharing of benefits of forest management. This study proposes a mixed...

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)...

The Massachusetts Woodlands Cooperative, LLC (MWC) is working to help members conduct sustainable forestry of the highest standards while increasing financial returns from harvest activities. The forests of Massachusetts, the 3rd most densely populated of the United States, are threatened....

While there has been a large increase in investment in plantation forestry in New Zealand by smallholders during the past decade, there are still many smallholders who have chosen not to become involved in this land use or who are using only a portion of their potentially planted land for...

While a comprehensive economic valuation of all use and non-use values of the forest is impossible, indigenous societies seem to have a clear, albeit inchoate idea of the value of the forest on which they depend for their material and cultural existence. Forests were valued in all ancient...

The responsibility for protecting U.S. agriculture from pests and diseases is assigned by the Federal Plant Pest Act (FPPA) to the Animal and Plant Health Inspection Service (APHIS) of the Department of Agriculture. The Plant Protection Act (Title 7 U.S.C. Sections 7701 et seq.) gives Aphis...