Optimal forest rotation with in situ preferences
Article Abstract:
A utility-based infinite horizon rotation model is introduced that includes nontimber values and the forest-owner's consumption-savings decision making. It is shown that the consumption rate is constant through time, thus it may be optimal to use a constant rotation period infinitely, if the subjective time preference of the forest owner is equivalent to the rate of interest. The findings indicate that, within a group of concave in situ valuation functions, the most advantageous solution yields converge leaning towards forests whose age structures have rising heterogeneity.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
A Finnish-Soviet acid rain game: noncooperative equilibria, cost efficiency, and sulfur agreements
Article Abstract:
The 50% agreement between Soviet Union and Finland on sulfur emissions that cause acid rain is analyzed through cost-effective solutions and noncooperative game solutions. Results indicate no incentive for cheating or for pursuing the target. Adding the variable of policy uncertainty, the worst case scenario involves the non-use of Russian resources for abatement thus leading to higher abatement costs. The agreement would then not be cost-effective. This problem is reduced if Estonia enters the picture by posting lower target deposition levels than the Soviet Union.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Economic growth, pollution, and renewable resources
Article Abstract:
A neoclassical growth model is used to examine the long-run effects of pollution and natural resource scarcity. Renewable resources are considered in this economic growth model, as well as the relationship between pollution and renewable resources. Results indicate that the net effects of pollution control on economic growth can be assessed if the impact of pollution on renewable resources is considered in a general equilibrium model.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A derivation of the marginal abatement cost curve. Stochastic pollution, permits, and merger incentives. Small pollution markets: tradable permits versus revelation mechanisms
- Abstracts: The importance of site-specific information in the design of policies to control pollution. Nash implementation of a proportional solution to international pollution control problems
- Abstracts: Improving on the steady state in the state-dependent enforcement of pollution control. Initial and continuing compliance and the trade-off between monitoring and control cost
- Abstracts: Northwest shows versatility in using biosolids. Pennsylvania recycling law reaches the yard. Processing woody materials for higher value markets
- Abstracts: Institutional experiences with composting containers. Building longevity into composting buildings. Restaurants evaluate composting option