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Forest Management in an Urbanizing Landscape

Author

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  • Maria A. Cunha-e-Sa
  • Sofia F. Franco

Abstract

This paper aims at building a theoretical framework to examine the impact of development pressure on private owner’s forest management practices, namely, on regeneration and conversion cut dates. As the rent for developed land is rising over time, our model creates the possibility of switching from forestry to residential use at some point in the future, thus departing from the Faustmann’s traditional setup. Comparative statics results with respect to stumpage prices, regeneration costs and urban growth parameters are provided. The results obtained depend on the impact on the opportunity cost of holding the stand and the impact on the opportunity cost of holding the land, generalizing Faustmann’s unambiguous results. JEL codes: Q23, R11, R14

Suggested Citation

  • Maria A. Cunha-e-Sa & Sofia F. Franco, 2013. "Forest Management in an Urbanizing Landscape," FEUNL Working Paper Series wp580, Universidade Nova de Lisboa, Faculdade de Economia.
  • Handle: RePEc:unl:unlfep:wp580
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    File URL: http://fesrvsd.fe.unl.pt/WPFEUNL/WP2013/Wp580.pdf
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    References listed on IDEAS

    as
    1. Glen W. Armstrong & William E. Phillips, 1989. "The Optimal Timing of Land Use Changes From Forestry to Agriculture," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 37(1), pages 125-134, March.
    2. K. E. McConnell & J. N. Daberkow & I. W. Hardie, 1983. "Planning Timber Production with Evolving Prices and Costs," Land Economics, University of Wisconsin Press, vol. 59(3), pages 292-299.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    urban growth; increasing residential rents; forest management practices;

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns

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