We study an environmental policy that (i) tax some emitters while others are covered by a cap-and-trade system and (ii) index the tax level to the permit price. Such a policy could be attractive in a world where abatement costs are uncertain and the regulator has information about the...

Resumen: El Eucalipto es una de las especies de mayor importancia económica y ambiental en Colombia. El objetivo de este artículo es observar la relación existente entre la tasa de descuento y el año de corte del Eucalyptus Saligna, mediante el método de Fisher y Hotelling.La metodología...

Die Abholzung der weltweiten Wälder ist nach der Verbrennung fossiler Brennstoffe die zweitgrößte anthropogene CO2-Quelle. Maßnahmen der UN, die unter dem Namen »REDD« zusammengefasst werden, sollen der Abholzung entgegenwirken. Der Beitrag beschreibt die Funktionsweise von REDD und gibt...

Using multiple choice tasks per respondent in discrete choice experiment studies increases the amount of available information. However, respondents’ learning and fatigue may lead to changes in observed utility function preference (taste) parameters, as well as the variance in its error term...

Competition among the South, the West, and Canada as major softwood lumber production regions has been affected by timber resource endowments, public land policies, and the general economy. To assess spatial price linkages, a threshold vector error correction model is applied on softwood lumber...

Given the importance of anthropogenic determinants in forest ecosystems within Europe, the objective of this paper is to link the evidence arising from biological models with socioeconomic determinants, where the expected returns of forest investments represent the main driver. An...

Given the importance of anthropogenic determinants in forest ecosystems within Europe, the objective of FFSM++ is to link the evidence arising from biological models with socioeconomic determinants, where the expected returns of forest investments represent the main drivers. An inventory-based...

This paper provides an economic analysis of timber species change as a tool for adapting forests to climate change. We use the framework of cost-benefit analysis, taking uncertainty into account both exogenously, via sensitivity analysis, and endogenously, via (quasi-)option value calculations....

The French Forest Sector Model (FFSM) combines a spatial price equilibrium model à la Samuelson and an imperfect substitution assumption à la Armington for wood products between France and the Rest of the World. This paper aims at proving the existence and the conditions of equilibrium in...

Certification is intended to improve management of and environmental outcomes in developing country forests. Yet we know little about whether and how it actually generates such benefits. To address that question, we analyze 1,162 corrective action requests (CARs) issued after third-party...