Skip to Main Content
Policy-Relevant Nonconvexities in the Production of Multiple Forest Benefits?Author(s): Stephen K. Swallow; Peter J. Parks; David N. Wear
Source: Journal of Environmental Economics and Management 19, 264-280 (1990)
Publication Series: Miscellaneous Publication
PDF: View PDF (352 KB)
DescriptionThis 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.
- You may send email to email@example.com to request a hard copy of this publication.
- (Please specify exactly which publication you are requesting and your mailing address.)
- We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
- This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
CitationSwallow, Stephen K.; Parks, Peter J.; Wear, David N. 1990. Policy-Relevant Nonconvexities in the Production of Multiple Forest Benefits?. Journal of Environmental Economics and Management 19, 264-280 (1990)
- Spatial Interactions in Multiple-Use Forestry and Substitution and Wealth Effects for the Single Stand
- Identifying and evaluating environmental impacts associated with timber harvest scheduling policies.
- Public preferences for nontimber benefits of loblolly pine (Pinus taeda) stands regenerated by different site preparation methods
XML: View XML