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Principles and Policy in Forestry Economics

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  • Paul M. Comolli

Abstract

This 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.

Suggested Citation

  • Paul M. Comolli, 1981. "Principles and Policy in Forestry Economics," Bell Journal of Economics, The RAND Corporation, vol. 12(1), pages 300-309, Spring.
    • Handle: RePEc:rje:bellje:v:12:y:1981:i:spring:p:300-309
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    Citations

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    Cited by:

    1. 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.
    2. 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.
    3. Ullah, Mujib & Cacho, Oscar J., 2001. "Property Rights and Sustainable Land use on a Salinity-affected Catchment," 2001 Conference (45th), January 23-25, 2001, Adelaide, Australia 125985, Australian Agricultural and Resource Economics Society.
    4. Wildberg, Johannes & Möhring, Bernhard, 2021. "Continuous timber harvest — Costly restriction or profitable solution?," Forest Policy and Economics, Elsevier, vol. 123(C).
    5. Cacho, Oscar J., 1999. "Valuing Agroforestry In The Presence Of Land Degradation," Working Papers 12931, University of New England, School of Economics.
    6. Cacho, Oscar J. & Greiner, Romy & Fulloon, Lachlan, 2001. "An economic analysis of farm forestry as a means of controlling dryland salinity," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 45(2), pages 1-24.
    7. Jeffrey Prestemon, 2000. "Public Open Access and Private Timber Harvests: Theory and Application to the Effects of Trade Liberalization in Mexico," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 17(4), pages 311-334, December.
    8. 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.
    9. 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, Australia 125108, Australian Agricultural and Resource Economics Society.
    10. 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.
    11. Newman, D.H., 2002. "Forestry's golden rule and the development of the optimal forest rotation literature," Journal of Forest Economics, Elsevier, vol. 8(1), pages 5-27.
    12. Cacho, Oscar J. & Fulloon, Lachlan & Greiner, Romy, 1999. "An Economic Analysis Of Farm Forestry As A Means Of Controlling Soil Salinisation," Working Papers 12895, University of New England, School of Economics.

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