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| Author: | Koskela, E. Ollikainen, M. |
| Title: | Optimal design of forest taxation with multiple-use characteristics of forest stands |
| Journal: | Environmental and Resource Economics
1997 : JUL, VOL. 10:1, p. 41-62 |
| Index terms: | FOREST ECONOMICS SUPPLY TIMBER |
| Language: | eng |
| Abstract: | This study explores various issues associated with harvesting behavior of non-industrial forest owners, when forest stand provides private amenity services, has multiple-use characteristics and there is an idiosyncratic uncertainty about the future timber price. The study extends the earlier analyses in several aspects: it develops the comparative statics of timber price risk and site productivity and yield taxes and decomposes them in a way that makes possible to give an economic interpretation about what are relatively complex relationships; optimal design of forest taxation is studied from the public finance point of view. |
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