This study determines economic impact of payments for carbon sequestered in wood products and avoided carbon emissions due to use of forest biomass for electricity generation instead of fossil fuels on the profitability of non-industrial private forest (NIPF) landowners in the US South....

Biodiversity loss is a major problem in terms of loss of genetic and ecosystem services and more specifically via impacts on the livelihoods, food security and health of the poor. This study modeled forest management strategies that balance economic gains and biodiversity conservation benefits...

Replaced with revised version of paper 07/28/05.

This review discusses bioeconomic models of the forest and uses them to explore policy options for forest management. The main type of bioeconomic model used is based on a biomass model of the growth of the forest, similar to the biomass model widely used in fishery economics. However a more...

Tail-hedge discounting is based on decomposition of returns from long-term investments in a fraction (gamma) that is correlated with consumption and another that is not. The first part is discounted at a discount rate that includes a risk premium, the other with the risk-free rate. We estimate...