Forest Certification: Economic Issues and Welfare Implications
AbstractForest certification has emerged as a means of promoting the elusive goal of sustainable forest management. This paper reviews the economic issues and potential welfare implications of forest certification in light of this management goal, but finds that the effect of certification on forest product markets is uncertain. We examine why certification schemes may fail to regulate optimally market failures, and may actually decrease welfare compared to a non-certified state. Forest certification, it turns out, may not be the best policy tool for promoting sustainable forest management.
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Bibliographic InfoArticle provided by University of Toronto Press in its journal Canadian Public Policy.
Volume (Year): 24 (1998)
Issue (Month): s2 (May)
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Postal: University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8
Web page: http://economics.ca/cpp/
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