 Essays on Timber Supply and Forest TaxationMarkku Ollikainen No 33, Research Reports from VATT Institute for Economic Research Abstract: By using the two-period model, this study analyzes the effects of forest taxation on the short-term timber supply of nonindustrial private forest owners. The study consists of three separate articles and a note that have been published in forest economic journals. In each the assumption is made that either timber price or the real interest rate is uncertain; moreover, the capita1 market is either perfect or imperfect. The articles examine the effects of these factors on harvesting and the optimal design of forest taxes in terms of incentives and social welfare. The results of the analyses and the two-period model are compared to the Faustmann rotation framework in an extensive survey of forest economic literature. The survey concludes that the models are suited to different, yet complementary ends: the two-period model provides a tool for analyzing the market behavior of private forestry, and the Faustmann rotation model supplies the means for the management of public forests. Keywords: forest taxation; timber supply; uncertainty; Taxation; Verotus; Taxation and Social Transfers; Julkisen talouden rahoitus ja tulonsiirrot; H200 - Taxation; Subsidies; and Revenue: General; L730 - Forest Products: Lumber and Paper; Q230 - Renewable Resources and Conservation: Forestry (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:fer:resrep:33 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in Research Reports from VATT Institute for Economic Research Contact information at EDIRC. |
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