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An Empirical Examination Of Optimal Rotations In A Multiple-Use Forest In The Presence Of Fire Risk

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Author Info
Englin, Jeffrey
Boxall, Peter
Hauer, Grant

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Abstract

Fires are an important and natural component of forest ecosystems that affect the timber value of forests, and thus optimal rotations. Fire also affects amenity values provided by forests. This analysis examines the relationships among forest fire risk, timber values, and amenity values in a Faustmann rotation framework. An empirical application of the model is presented where jack pine growth in the Canadian Shield region is integrated with the nonmarket values associated with wilderness recreation. The results suggest that while the rotation period of jack pine is shorter in the presence of fire risk, the inclusion of this particular amenity would lengthen rotation periods. The level of visits to the wilderness area has a significant effect on the rotation period. Failure to account for backcountry recreation in rotations of forests in multiple-use wilderness areas of the Canadian Shield would result in suboptimal management.

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File URL: http://purl.umn.edu/30835
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Publisher Info
Article provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.

Volume (Year): 25 (2000)
Issue (Month): 01 (July)
Pages:
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Handle: RePEc:ags:jlaare:30835

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Web page: http://waeaonline.org/
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Related research
Keywords: Resource /Energy Economics and Policy;

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  1. Jonathan Yoder & Marian Lankoande, 2005. "Firefights and Fuel Management: A Nested Rotation Model for Wildfire Risk Mitigation," Working Papers 2005-7, School of Economic Sciences, Washington State University. [Downloadable!]
    Other versions:
  2. Stainback, G. Andrew & Alavalapati, Janaki R.R., 2002. "Fire Risk and the Economics of Sequestering Carbon in Forests," 2002 Annual meeting, July 28-31, Long Beach, CA 19629, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  3. Brunette, Marielle & Couture, Stéphane & Langlais, Eric, 2007. "Hedging Strategies in Forest Management," MPRA Paper 5228, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  4. Yoder, Jonathan, 2002. "Prescribed Fire: Liability, Regulation, And Endogenous Risk," 2002 Annual meeting, July 28-31, Long Beach, CA 19675, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  5. Roosen, Jutta & Hennessy, David A., 2001. "An Equilibrium Analysis Of Antibiotics Use And Replanting Decisions In Apple Production," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(02), December. [Downloadable!]
  6. Ken Stollery, 2001. "Climate Change and Optimal Rotation in a Flammable Forest," Working Papers 01001, University of Waterloo, Department of Economics, revised Jan 2001. [Downloadable!]
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