Hallmann, Fanfan W.; Amacher, Gregory S. - In: Forest Policy and Economics 47 (2014) C, pp. 46-56
We study a rent-based land use problem where a landowner is uncertain about the timing and extent of an emerging biomass market. Unlike other work, ecosystem service flows, in the form of amenities, and transaction costs impact conversion from agriculture or conventional forest to bioenergy, but...