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Multiple Species Boreal Forests – What Faustmann Missed

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  • Anne-Sophie Crépin

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    Abstract

    Recent research in natural sciences shows that the dynamics in boreal forests are much more complex than what many models traditionally used in forestry economics reflect. This essay analyzes some challenges of accounting for such complexity. It shows that the optimal harvesting strategy for forest owners is history dependent and for some states of the forest, more than one strategy may be optimal.This paper confirms earlier literature on shallow lakes and coral reefs and shows that this kind of phenomena seem much more common than previously thought. They are valid for a wide range of ecosystems that cover large surfaces and they do not depend on the choice of some specific function to model the non-linearity. There are also indications that theses results could be obtained even for resources with concave growth if at least one species with non-linear growth affects their dynamics. Copyright Kluwer Academic Publishers 2003

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    File URL: http://hdl.handle.net/10.1023/B:EARE.0000007352.02799.0e
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    Bibliographic Info

    Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

    Volume (Year): 26 (2003)
    Issue (Month): 4 (December)
    Pages: 625-646

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    Handle: RePEc:kap:enreec:v:26:y:2003:i:4:p:625-646

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    Web page: http://www.springerlink.com/link.asp?id=100263

    Related research

    Keywords: forestry; multiple steady states; non-linear; Skiba points;

    References

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    1. Christophe Deissenberg, Gustav Feichtinger, Willi Semmler and Franz Wirl, 2001. "History Dependence and Global Dynamics in Models with Multiple Equilibria," Computing in Economics and Finance 2001 257, Society for Computational Economics.
    2. W.A. Brock & D. Starrett, 2003. "Managing Systems with Non-convex Positive Feedback," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 26(4), pages 575-602, December.
    3. Wagener, F. O. O., 2003. "Skiba points and heteroclinic bifurcations, with applications to the shallow lake system," Journal of Economic Dynamics and Control, Elsevier, vol. 27(9), pages 1533-1561, July.
    4. W.-J. Beyn, T. Pampel, W.Semmler, 2001. "Dynamic optimization and Skiba sets in economic examples," Computing in Economics and Finance 2001 29, Society for Computational Economics.
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    Cited by:
    1. Noack, Frederik A.W. & Manthey, Michael & Ruitenbeek, Jack H. & Mohadjer, M.R. Marvie, 2010. "Separate or mixed production of timber, livestock and biodiversity in the Caspian Forest," Ecological Economics, Elsevier, vol. 70(1), pages 67-76, November.
    2. Guttormsen, Atle G. & Kristofersson, Dadi & Navdal, Eric, 2005. "Managing Genetic Resources for Fun and Profit -- The Role of the Interest Rate in Natural Selection," 2005 Annual meeting, July 24-27, Providence, RI 19354, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Anne-Sophie Crépin, 2007. "Using Fast and Slow Processes to Manage Resources with Thresholds," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 36(2), pages 191-213, February.
    4. Fenichel, Eli P. & Horan, Richard D. & Bence, James R., 2010. "Indirect management of invasive species through bio-controls: A bioeconomic model of salmon and alewife in Lake Michigan," Resource and Energy Economics, Elsevier, vol. 32(4), pages 500-518, November.
    5. Mota, Rui Pedro & Domingos, Tiago, 2004. "Optimal ecosystem management with structural dynamics," MPRA Paper 13344, University Library of Munich, Germany.
    6. Guttormsen, Atle G. & Kristofersson, Dadi & Nævdal, Eric, 2008. "Optimal management of renewable resources with Darwinian selection induced by harvesting," Journal of Environmental Economics and Management, Elsevier, vol. 56(2), pages 167-179, September.
    7. Eric Nævdal, 2008. "Animal rationality and implications for resource management: the case of biological reserves for moose and pine," Journal of Bioeconomics, Springer, vol. 10(2), pages 145-163, August.
    8. Juutinen, Artti, 2008. "Old-growth boreal forests: Worth protecting for biodiversity?," Journal of Forest Economics, Elsevier, vol. 14(4), pages 242-267, November.
    9. Crépin, Anne-Sophie & Norberg, Jon & Mäler, Karl-Göran, 2011. "Coupled economic-ecological systems with slow and fast dynamics -- Modelling and analysis method," Ecological Economics, Elsevier, vol. 70(8), pages 1448-1458, June.
    10. Chen, Yong & Jayaprakash, Ciriyam & Irwin, Elena, 2012. "Threshold management in a coupled economic–ecological system," Journal of Environmental Economics and Management, Elsevier, vol. 64(3), pages 442-455.

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