Optimal forest harvest age considering carbon sequestration in multiple carbon pools: A comparative statics analysis

Patrick Asante and Glen W. Armstrong

Journal of Forest Economics, 2012, vol. 18, issue 2, 145-156

Abstract: We present an analytical model for determination of the economically optimal harvest age of a forest stand considering timber value, and the value of carbon fluxes in living biomass, dead organic matter, and wood products pools. Through comparative statics analysis, we find that consideration of timber value and fluxes in biomass carbon increase harvest age relative to the timber only solution, and that the effect on optimal harvest age of incorporating fluxes in the dead organic matter and wood products pools is indeterminate.

Keywords: Optimal rotation; Boreal forest; Carbon market (search for similar items in EconPapers)
JEL-codes: C61 C63 Q22 Q23 Q53 Q54 Q57 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (20)

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DOI: 10.1016/j.jfe.2011.12.002

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