Policy-relevant nonconvexities in the production of multiple forest benefits
This paper challenges common assumptions about convexity in forest rotation models which optimize timber plus nontimber benefits. If a local optimum occurs earlier than the globally optimal age, policy based on marginal incentives may achieve suboptimal results. Policy-relevant nonconvexities are mo...
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| Veröffentlicht in: | Journal of environmental economics and management 1990-11, Vol.19 (3), p.264-280 |
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| container_end_page | 280 |
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| container_issue | 3 |
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| container_title | Journal of environmental economics and management |
| container_volume | 19 |
| creator | Swallow, Stephen K. Parks, Peter J. Wear, David N. |
| description | This paper challenges common assumptions about convexity in forest rotation models which optimize timber
plus nontimber benefits. If a local optimum occurs earlier than the globally optimal age, policy based on marginal incentives may achieve suboptimal results. Policy-relevant nonconvexities are more likely if (i) nontimber benefits dominate for young stands while the optimal age depends primarily on timber benefits, or (ii) nontimber benefits dominate for mature stands and also determine the optimal age. Nonconvexities may create either temporary or persistent difficulties. Policymakers may improve efficiency by exploiting the relationship between the timber-only optimum and the global optimum. |
| doi_str_mv | 10.1016/0095-0696(90)90073-8 |
| format | Article |
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plus nontimber benefits. If a local optimum occurs earlier than the globally optimal age, policy based on marginal incentives may achieve suboptimal results. Policy-relevant nonconvexities are more likely if (i) nontimber benefits dominate for young stands while the optimal age depends primarily on timber benefits, or (ii) nontimber benefits dominate for mature stands and also determine the optimal age. Nonconvexities may create either temporary or persistent difficulties. Policymakers may improve efficiency by exploiting the relationship between the timber-only optimum and the global optimum.</description><identifier>ISSN: 0095-0696</identifier><identifier>EISSN: 1096-0449</identifier><identifier>DOI: 10.1016/0095-0696(90)90073-8</identifier><identifier>CODEN: JEEMDI</identifier><language>eng</language><publisher>New York: Elsevier Inc</publisher><subject>AMENAGEMENT FORESTIER ; ANALISIS DE COSTOS Y BENEFICIOS ; ANALYSE COUT AVANTAGE ; BOIS ; Cost benefit analysis ; COSTOS DE OPORTUNIDAD ; COUT D'OPPORTUNITE ; Economic models ; Economic theory ; ESTUDIOS DE CASOS PRACTICOS ; ETUDE DE CAS ; Forest management ; Forestry economics ; Harvest ; Input output analysis ; MADERA ; MODELE MATHEMATIQUE ; MODELOS MATEMATICOS ; MONTANA ; ORDENACION FORESTAL ; PASTOREO ; PATURAGE ; Policy making ; POLITICA FORESTAL ; POLITIQUE FORESTIERE ; PRODUCTOS FORESTALES ; PRODUIT FORESTIER ; Rotation ; Timber</subject><ispartof>Journal of environmental economics and management, 1990-11, Vol.19 (3), p.264-280</ispartof><rights>1990</rights><rights>Copyright Elsevier Science Publishing Company, Inc. Nov 1990</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c507t-7a563fc032d6282b5b31180a30061a3b305823827a614437ff91c3bde6c3562b3</citedby><cites>FETCH-LOGICAL-c507t-7a563fc032d6282b5b31180a30061a3b305823827a614437ff91c3bde6c3562b3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/0095-0696(90)90073-8$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,780,784,3550,4008,27869,27924,27925,45995</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/eeejeeman/v_3a19_3ay_3a1990_3ai_3a3_3ap_3a264-280.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Swallow, Stephen K.</creatorcontrib><creatorcontrib>Parks, Peter J.</creatorcontrib><creatorcontrib>Wear, David N.</creatorcontrib><title>Policy-relevant nonconvexities in the production of multiple forest benefits</title><title>Journal of environmental economics and management</title><description>This paper challenges common assumptions about convexity in forest rotation models which optimize timber
plus nontimber benefits. If a local optimum occurs earlier than the globally optimal age, policy based on marginal incentives may achieve suboptimal results. Policy-relevant nonconvexities are more likely if (i) nontimber benefits dominate for young stands while the optimal age depends primarily on timber benefits, or (ii) nontimber benefits dominate for mature stands and also determine the optimal age. Nonconvexities may create either temporary or persistent difficulties. Policymakers may improve efficiency by exploiting the relationship between the timber-only optimum and the global optimum.</description><subject>AMENAGEMENT FORESTIER</subject><subject>ANALISIS DE COSTOS Y BENEFICIOS</subject><subject>ANALYSE COUT AVANTAGE</subject><subject>BOIS</subject><subject>Cost benefit analysis</subject><subject>COSTOS DE OPORTUNIDAD</subject><subject>COUT D'OPPORTUNITE</subject><subject>Economic models</subject><subject>Economic theory</subject><subject>ESTUDIOS DE CASOS PRACTICOS</subject><subject>ETUDE DE CAS</subject><subject>Forest management</subject><subject>Forestry economics</subject><subject>Harvest</subject><subject>Input output analysis</subject><subject>MADERA</subject><subject>MODELE MATHEMATIQUE</subject><subject>MODELOS MATEMATICOS</subject><subject>MONTANA</subject><subject>ORDENACION FORESTAL</subject><subject>PASTOREO</subject><subject>PATURAGE</subject><subject>Policy making</subject><subject>POLITICA FORESTAL</subject><subject>POLITIQUE FORESTIERE</subject><subject>PRODUCTOS FORESTALES</subject><subject>PRODUIT FORESTIER</subject><subject>Rotation</subject><subject>Timber</subject><issn>0095-0696</issn><issn>1096-0449</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1990</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><sourceid>K30</sourceid><recordid>eNp9kU-L1TAUxYso-Bz9AuKiKIguqjdJmyYbQQb_8kBBZx3S9MbJo01qkj583968qcxC0MVNAvmdw-HcqnpC4BUBwl8DyK4BLvkLCS8lQM8acafaEZC8gbaVd6vdLXK_epDSAQAE9HxX7b-GyZlTE3HCo_a59sGb4I_4y2WHqXa-ztdYLzGMq8ku-DrYel6n7JYJaxsiplwP6NG6nB5W96yeEj76c19UV-_ffb_82Oy_fPh0-XbfmA763PS648waYHTkVNChGxghAjQD4ESzgUEnKBO015y0LeutlcSwYURuWMfpwC6q55tvifVzLQnU7JLBadIew5oU64G3vCUFfPoXeAhr9CWboqRjggnZF-jZvyBSIgEtUFeodqNMDClFtGqJbtbxpAio8xbUuWJ1rlhJUDdbUKLIPm-yiAuaWw0iHhBn7dVRMU1kOU43jyJl2pVhZZYylLeKClDXeS5mjzczq4PSP6JL6uqbJKXD7hzwzfaJpfmjw6iScegNji6iyWoM7v9RfwPhjq2O</recordid><startdate>19901101</startdate><enddate>19901101</enddate><creator>Swallow, Stephen 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| fulltext | fulltext |
| identifier | ISSN: 0095-0696 |
| ispartof | Journal of environmental economics and management, 1990-11, Vol.19 (3), p.264-280 |
| issn | 0095-0696 1096-0449 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_37064641 |
| source | RePEc; Periodicals Index Online; ScienceDirect Journals (5 years ago - present) |
| subjects | AMENAGEMENT FORESTIER ANALISIS DE COSTOS Y BENEFICIOS ANALYSE COUT AVANTAGE BOIS Cost benefit analysis COSTOS DE OPORTUNIDAD COUT D'OPPORTUNITE Economic models Economic theory ESTUDIOS DE CASOS PRACTICOS ETUDE DE CAS Forest management Forestry economics Harvest Input output analysis MADERA MODELE MATHEMATIQUE MODELOS MATEMATICOS MONTANA ORDENACION FORESTAL PASTOREO PATURAGE Policy making POLITICA FORESTAL POLITIQUE FORESTIERE PRODUCTOS FORESTALES PRODUIT FORESTIER Rotation Timber |
| title | Policy-relevant nonconvexities in the production of multiple forest benefits |
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