Endangered Species and Timber Harvesting: The Case of Red-Cockaded Woodpeckers
This article presents a theoretical framework and empirical evidence on the relationship between regulatory uncertainty induced by the possible invasion of an endangered species--the red-cockaded woodpecker (RCW)--and timber harvesting. The results indicate that landowners whose forests are close to a known or perceived RCW habitat have a high propensity to cut timber and use a clear-cut method. These preemptive actions are apparently aimed at destroying potential RCW habitat so that the existing values of their property could be protected from the Endangered Species Act (ESA)--related land use limitations. (JEL D23, K32, Q23, Q28) Copyright 2004, Oxford University Press.
Volume (Year): 42 (2004)
Issue (Month): 1 (January)
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