The paper focuses on forests management strategies for natural hazards of nonindustrial owners, in the case where the forest provides nontimber services. We introduce a basic two-period model where the private owner manages natural hazards on his forest thanks to the accumulation of savings on...

It is common to estimate equity betas for private firms or non-traded assets through a comparable company analysis, we test if the Random Forest algorithm can provide superior forecasts. In out-of-sample tests from 1992 to 2018, we find that Random Forest forecasts produce substantially lower...