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A review of recent developments and applications of partial equilibrium models of the forest sector

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  • Latta, Gregory S.
  • Sjølie, Hanne K.
  • Solberg, Birger

Abstract

Recent history has seen an increase in the utilization of partial equilibrium based forest sector models to identify potential impacts of various policies or timber market shocks. These models are particularly useful in that they employ economic theory to capture the interaction of supply and demand in a framework where commodity prices are endogenous to the policy or shock simulated. We present recent developments and linkages between models and review applications of these models to forest policy questions over the previous decade. We conclude with a discussion of potential future directions for such research.

Suggested Citation

  • Latta, Gregory S. & Sjølie, Hanne K. & Solberg, Birger, 2013. "A review of recent developments and applications of partial equilibrium models of the forest sector," Journal of Forest Economics, Elsevier, vol. 19(4), pages 350-360.
  • Handle: RePEc:eee:foreco:v:19:y:2013:i:4:p:350-360
    DOI: 10.1016/j.jfe.2013.06.006
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    References listed on IDEAS

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    Cited by:

    1. Peter, Brian & Niquidet, Kurt, 2016. "Estimates of residual fibre supply and the impacts of new bioenergy capacity from a forest sector transportation model of the Canadian Prairie Provinces," Forest Policy and Economics, Elsevier, vol. 69(C), pages 62-72.
    2. Miguel RIVIERE & Sylvain CAURLA, 2018. "Integrating non-timber objectives into bio-economic models of the forest sector: a review of recent innovations and current shortcomings," Working Papers of BETA 2018-26, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    3. repec:eee:foreco:v:26:y:2017:i:c:p:30-45 is not listed on IDEAS
    4. Repo, Anna & Ahtikoski, Anssi & Liski, Jari, 2015. "Cost of turning forest residue bioenergy to carbon neutral," Forest Policy and Economics, Elsevier, vol. 57(C), pages 12-21.
    5. Adriana Piazza & Bernardo Pagnoncelli, 2015. "The stochastic Mitra–Wan forestry model: risk neutral and risk averse cases," Journal of Economics, Springer, vol. 115(2), pages 175-194, June.
    6. repec:eee:foreco:v:31:y:2018:i:c:p:11-16 is not listed on IDEAS
    7. repec:eee:foreco:v:29:y:2017:i:pb:p:78-86 is not listed on IDEAS

    More about this item

    Keywords

    Partial equilibrium; Forest sector modeling; Economic analysis;

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • L73 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Forest Products
    • 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

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