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Options for maintaining forest productivity after natural disturbance: A principal–agent approach

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  • Bogle, Tim
  • van Kooten, G. Cornelis

Abstract

Historically, British Columbia mandated silvicultural outcomes on public forestland because timber had a sufficiently high value to produce high resource rents. The mountain pine beetle altered the value of pine, reducing rents and impacting the silvicultural re-imbursement of regulated practices. As a result, forest companies continuing to log stands of damaged pine seek to meet the minimum regulatory regeneration outcomes at lowest possible costs.

Suggested Citation

  • Bogle, Tim & van Kooten, G. Cornelis, 2013. "Options for maintaining forest productivity after natural disturbance: A principal–agent approach," Forest Policy and Economics, Elsevier, vol. 26(C), pages 138-144.
    • Handle: RePEc:eee:forpol:v:26:y:2013:i:c:p:138-144
    DOI: 10.1016/j.forpol.2012.09.005
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    References listed on IDEAS

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    1. G. C. van Kooten & Henk Folmer, 2004. "Land and Forest Economics," Books, Edward Elgar Publishing, number 3466.
    2. James Nolan & Dawn Parker & G. Cornelis Van Kooten & Thomas Berger, 2009. "An Overview of Computational Modeling in Agricultural and Resource Economics," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 57(4), pages 417-429, December.
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    Cited by:

    1. G. Cornelis van Kooten, 2016. "California Dreaming: The Economics of Renewable Energy," Working Papers 2016-05, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    2. Wang, Sen & Bogle, Tim & van Kooten, G. Cornelis, 2012. "Forestry and the New Institutional Economics," Working Papers 130818, University of Victoria, Resource Economics and Policy.
    3. Johnston, Craig M.T. & Cornelis van Kooten, G., 2015. "Back to the past: Burning wood to save the globe," Ecological Economics, Elsevier, vol. 120(C), pages 185-193.

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