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Optimal Private and Public Harvesting under Spatial and Temporal Interdependence

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Author Info
Markku Ollikainen ()
Erkki Koskela ()
Abstract

This paper extends the Hartman model to include the case where two adjacent stands may be interdependent in the provision of amenity services. We show first that the relationship between the focal and exogenous rotation age depends on the nature of their temporal interdependence, i.e., on what happens to the degree of substitutability or complementarity between the stands when the rotation age of the private focal stand changes. We then apply this analysis to the determination of public rotation age in a two-stage game where the government first decides upon its harvesting and private harvesting is chosen in the second stage. Several new rules are derived for the socially optimal design of public harvesting depending on the nature of interdependence between private and public stands as well as on whether citizens have access to private forests for recreation or not.

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Publisher Info
Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number CESifo Working Paper No. 452.

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Date of creation: 2001
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Handle: RePEc:ces:ceswps:_452

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Related research
Keywords: Substitutability/complementarity; amenity valuation; private and public rotation age;

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Find related papers by JEL classification:
H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Snyder, Donald L. & Bhattacharyya, Rabindra N., 1990. "A more general dynamic economic model of the optimal rotation of multiple-use forests," Journal of Environmental Economics and Management, Elsevier, vol. 18(2), pages 168-175, March. [Downloadable!] (restricted)
  2. Weber, Christian E., 2000. "Two further empirical implications of Auspitz-Lieben-Edgeworth-Pareto complementarity," Economics Letters, Elsevier, vol. 67(3), pages 289-295, June. [Downloadable!] (restricted)
  3. Swallow Stephen K. & Wear David N., 1993. "Spatial Interactions in Multiple-Use Forestry and Substitution and Wealth Effects for the Single Stand," Journal of Environmental Economics and Management, Elsevier, vol. 25(2), pages 103-120, September. [Downloadable!] (restricted)
  4. Swallow, Stephen K. & Parks, Peter J. & Wear, David N., 1990. "Policy-relevant nonconvexities in the production of multiple forest benefits," Journal of Environmental Economics and Management, Elsevier, vol. 19(3), pages 264-280, November. [Downloadable!] (restricted)
  5. Jeffrey R. Vincent & Clark S. Binkley, 1993. "Efficient Multiple-Use Forestry May Require Land-Use Specialization," Land Economics, University of Wisconsin Press, vol. 69(4), pages 370-376. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Uchida, Emi, 2005. "Optimal Timber Rotation on Multiple Stands with an Asymmetric Externality," 2005 Annual meeting, July 24-27, Providence, RI 19532, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  2. Luis H.R. Alvarez & Erkki Koskela, 2003. "On Forest Rotation Under Interest Rate Variability," Discussion Papers 840, The Research Institute of the Finnish Economy. [Downloadable!]
  3. Luis Alvarez & Erkki Koskela, 2003. "On Forest Rotation under Interest Rate Variability," Asia-Pacific Financial Markets, Springer, vol. 10(4), pages 489-503, August. [Downloadable!] (restricted)
  4. Michael Rauscher & Edward B. Barbier, 2007. "Biodiversity and Geography," Thuenen-Series of Applied Economic Theory 79, University of Rostock, Institute of Economics, Germany. [Downloadable!]
    Other versions:
  5. Alvarez, Luis H. R. & Koskela, Erkki, 2001. "Wicksellian Theory of Forest Rotation under Interest Rate Variability," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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