The structure of this working paper is as follows. In the first part after the introduction, the theory underlying the IGS is discussed (Chapter 2); specifically the conceptual framework for which the IGS of a forest management planning design can be developed. Five concepts are discussed here,...

This paper studies optimal forest policies in an overlapping generations forest economy with one-sided altruism, where timber and monetary bequests can be made across generations and forest amenities are a public good. We extend the existing economics literature by demonstrating that timber...