Principles and Policy in Forestry Economics
AbstractThis article attempts a market-oriented, neoclassical interpretation of the classical optimum-rotation problem in forestry economics. The resulting model permits a rigorous derivation of the competitive entrepreneur's cost and production functions for timber output. This derivation provides the foundation for comparative statics and for the construction of an industry model of timber output. A tax issue is then examined to illustrate the usefulness of the model for policy purposes. Analytical extensions to treat general-equilibrium problems in forestry are also noted.
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Bibliographic InfoArticle provided by The RAND Corporation in its journal Bell Journal of Economics.
Volume (Year): 12 (1981)
Issue (Month): 1 (Spring)
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- Cacho, Oscar, 2001. "An analysis of externalities in agroforestry systems in the presence of land degradation," Ecological Economics, Elsevier, vol. 39(1), pages 131-143, October.
- Wise, Russell M. & Cacho, Oscar J., 2008. "Bioeconomic meta-modelling of Indonesian agroforests as carbon sinks," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6772, Australian Agricultural and Resource Economics Society.
- Cacho, Oscar J., 1999. "Valuing Agroforestry In The Presence Of Land Degradation," Working Papers 12931, University of New England, School of Economics.
- Jones, Philip C. & Ohlmann, Jeffrey W., 2008. "Long-range timber supply planning for a vertically integrated paper mill," European Journal of Operational Research, Elsevier, vol. 191(2), pages 558-571, December.
- Hean, Robyn L. & Cacho, Oscar J., 2002. "Farming Giant Clams for the Aquarium and Seafood Markets: A Bioeconomic Analysis," 2002 Conference (46th), February 13-15, 2002, Canberra 125108, Australian Agricultural and Resource Economics Society.
- Hean, Robyn L. & Cacho, Oscar J., 1999. "Optimal Management Of Giant-Clam Farming In Solomon Islands," Working Papers 12935, University of New England, School of Economics.
- Jeffrey Prestemon, 2000. "Public Open Access and Private Timber Harvests: Theory and Application to the Effects of Trade Liberalization in Mexico," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 17(4), pages 311-334, December.
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