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Canadian Forest Tenures as Incentive Frameworks for the Silvicultural Expenditures of Private Firms

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  • Luckert, Martin K.
  • Haley, David

Abstract

In Canada, where most forest lands are publicly owned, forest management responsibilties are delegated to the private sector through licensing arrangements which grant limited usufructuary rights. In order to ensure that public silvicultural goals are met on licensed public lands, various policy instruments have been adopted. These include contractual requirements, the reimbursement of silvicultural costs and investment incentives in the form of shares in the value of timber crops resulting from voluntary silvicultural activites. In this paper, the impacts of these alternative arrangements on the investment behaviour of private forest companies is analyzed, welfare losses are identified and policy implications are discussed.

Suggested Citation

  • Luckert, Martin K. & Haley, David, 1993. "Canadian Forest Tenures as Incentive Frameworks for the Silvicultural Expenditures of Private Firms," Staff Paper Series 232542, University of Alberta, Department of Resource Economics and Environmental Sociology.
    • Handle: RePEc:ags:ualbsp:232542
    DOI: 10.22004/ag.econ.232542
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    References listed on IDEAS

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    1. Martin Luckert & Wiktor Adamowicz, 1993. "Empirical measures of factors affecting social rates of discount," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(1), pages 1-21, February.
    2. Markandya, Anil & Pearce, David W, 1991. "Development, the Environment, and the Social Rate of Discount," The World Bank Research Observer, World Bank, vol. 6(2), pages 137-152, July.
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