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Optimal Forest Taxation under Private and Social Amenity Valuation

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  • Koskela, Erkki
  • Ollikainen, Markku

Abstract

This paper analyzez socially optimal forest taxation when the government has a binding tax revenue requirement. In the Faustmann model the optimal design of forest taxation consists of non-distortionary taxes, such as site productivity tax, site value tax or profit tax.
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Suggested Citation

  • Koskela, Erkki & Ollikainen, Markku, 2002. "Optimal Forest Taxation under Private and Social Amenity Valuation," Discussion Papers 815, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:dpaper:815
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    References listed on IDEAS

    as
    1. Koskela, Erkki & Ollikainen, Markku, 2001. "Forest Taxation and Rotation Age under Private Amenity Valuation: New Results," Journal of Environmental Economics and Management, Elsevier, vol. 42(3), pages 374-384, November.
    2. Sun Joseph Chang, 1982. "An Economic Analysis of Forest Taxation's Impact on Optimal Rotation Age," Land Economics, University of Wisconsin Press, vol. 58(3), pages 310-323.
    3. Strang, William J, 1983. "On the Optimal Forest Harvesting Decision," Economic Inquiry, Western Economic Association International, vol. 21(4), pages 576-583, October.
    4. Dan Kovenock, 1986. "Property and Income Taxation in an Economy with an Austrian Sector," Land Economics, University of Wisconsin Press, vol. 62(2), pages 201-209.
    5. ERKKI Koskela & MARKKU Ollikainen, 1997. "Optimal Design of Forest Taxation with Multiple-Use Characteristics of Forest Stands," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 10(1), pages 41-62, July.
    6. Englin, Jeffrey E. & Klan, Mark S., 1990. "Optimal taxation: Timber and externalities," Journal of Environmental Economics and Management, Elsevier, vol. 18(3), pages 263-275, May.
    7. Kovenock, Daniel J. & Rothschild, Michael, 1983. "Capital gains taxation in an economy with an `Austrian sector'," Journal of Public Economics, Elsevier, vol. 21(2), pages 215-256, July.
    8. Bowes, Michael D. & Krutilla, John V., 1985. "Multiple use management of public forestlands," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 2, chapter 12, pages 531-569, Elsevier.
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    Citations

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    Cited by:

    1. Luis H. R. Alvarez & Erkki Koskela, 2003. "A General Approach to the Stochastic Rotation Problem with Amenity Valuation," CESifo Working Paper Series 857, CESifo.
    2. Loisel, Patrice & Elyakime, Bernard, 2018. "How to manage a small-scale multi-use forest?," Journal of Forest Economics, Elsevier, vol. 32(C), pages 13-17.
    3. Michele Bisceglia, 2020. "Optimal taxation in a common resource oligopoly game," Journal of Economics, Springer, vol. 129(1), pages 1-31, January.
    4. Rossi, David & Kuusela, Olli-Pekka, 2023. "Carbon and Timber Management in Western Oregon under Tax-Financed Investments in Wildfire Risk Mitigation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 48(2), May.

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    More about this item

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation

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