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Bequest Intentions of Forest Landowners: Theory and Empirical Evidence

Author

Listed:
  • Amacher, G.S.
  • Koskela, E.
  • Ollikainen, M.
  • Conway, M.C.

Abstract

This paper extends the overlapping generations model of the forest sector with the one-sided altruism to study the conditions under which monetary and/or timber bequests are operative. The paper departs from the general public finance literature by assuming nonindustrial landowners have preferences for consumption and for amenities from unharvested forest stock.

Suggested Citation

  • Amacher, G.S. & Koskela, E. & Ollikainen, M. & Conway, M.C., 1999. "Bequest Intentions of Forest Landowners: Theory and Empirical Evidence," University of Helsinki, Department of Economics 454, Department of Economics.
    • Handle: RePEc:fth:helsec:454
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    Citations

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    Cited by:

    1. Vokoun, Melinda & Amacher, Gregory S. & Wear, David N., 2006. "Scale of harvesting by non-industrial private forest landowners," Journal of Forest Economics, Elsevier, vol. 11(4), pages 223-244, January.
    2. Eskander, Shaikh M.S.U. & Barbier, Edward B., 2017. "Tenure Security, Human Capital and Soil Conservation in an Overlapping Generation Rural Economy," Ecological Economics, Elsevier, vol. 135(C), pages 176-185.
    3. Gregory, S. Amacher & Christine Conway, M. & Sullivan, Jay & Gregory, S. Amacher, 2003. "Econometric analyses of nonindustrial forest landowners: Is there anything left to study?," Journal of Forest Economics, Elsevier, vol. 9(2), pages 137-164.
    4. Alejandro Guevara & Juan Manuel Torres, 2014. "Bequest motive for conservation in timber production communities," Working Papers 0614, Universidad Iberoamericana, Department of Economics.
    5. Matilainen, A. & Koch, M. & Zivojinovic, I. & Lähdesmäki, M. & Lidestav, G. & Karppinen, H. & Didolot, F. & Jarsky, V. & Põllumäe, P. & Colson, V. & Hricova, Z. & Glavonjic, P. & Scriban, R.E., 2019. "Perceptions of ownership among new forest owners – A qualitative study in European context," Forest Policy and Economics, Elsevier, vol. 99(C), pages 43-51.
    6. Markowski-Lindsay, Marla & Butler, Brett J. & Kittredge, David B., 2017. "The future of family forests in the USA: Near-term intentions to sell or transfer," Land Use Policy, Elsevier, vol. 69(C), pages 577-585.
    7. Richard Barnett & Joydeep Bhattacharya & Helle Bunzel, 2013. "Deviant generations, Ricardian equivalence, and growth cycles," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 367-396, January.
    8. Eskander, Shaikh M.S.U & Barbier, Edward B., 2015. "Tenure security and soil conservation in an overlapping generation rural economy," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205225, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    FORESTS ; PROPERTY RIGHTS ; LAND;
    All these keywords.

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers

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