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Forest Management, Public Goods, and Optimal Policies

Author

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  • Markku Ollikainen

    (Department of Economics and Management, University of Helsinki, 00014 Helsinki, Finland)

Abstract

This review examines the provision of public goods and the prevention of negative externalities in forest management. It focuses on three issues: (a) biodiversity conservation and maintenance, (b) the role of forestry in carbon policies, and (c) internalizing negative water externalities. Public goods and negative externalities appear differently under different forest management regimes. A distinction is made between even-aged management, defined by the rotation framework, and uneven-aged management, defined by continuous cover models. Although the review focuses mostly on analytical models, it briefly considers recent numerical models relying on the detailed description of forest management. Both conventional instruments and new payments for ecosystem services are discussed.

Suggested Citation

  • Markku Ollikainen, 2016. "Forest Management, Public Goods, and Optimal Policies," Annual Review of Resource Economics, Annual Reviews, vol. 8(1), pages 207-226, October.
    • Handle: RePEc:anr:reseco:v:8:y:2016:p:207-226
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    File URL: http://www.annualreviews.org/doi/10.1146/annurev-resource-100815-095450
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    Citations

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    Cited by:

    1. Chang, Sun Joseph, 2020. "Twenty one years after the publication of the generalized Faustmann formula," Forest Policy and Economics, Elsevier, vol. 118(C).
    2. Bentsen, Niclas Scott, 2017. "Carbon debt and payback time – Lost in the forest?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 1211-1217.

    More about this item

    Keywords

    even-aged and uneven-aged management; payments for ecosystem services; offset markets; biodiversity; climate policies; water protection;
    All these keywords.

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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