Portfolio management of mixed-species forests

Marielle Brunette (), Arnaud Dragicevic, Jonathan Lenglet, Alexandra Niedzwiedz, Vincent Badeau () and Jean-Luc Dupouey ()
Additional contact information
Arnaud Dragicevic: Laboratoire d'Economie Forestière, INRA - AgroParisTech
Jonathan Lenglet: Laboratoire d'Economie Forestière, INRA - AgroParisTech
Vincent Badeau: UMR INRA – Université de Lorraine Écologie et Écophysiologie Forestières, 54280 Champenoux, France
Jean-Luc Dupouey: UMR INRA – Université de Lorraine Écologie et Écophysiologie Forestières, 54280 Champenoux, France

No 2014-09, Working Papers - Cahiers du LEF from Laboratoire d'Economie Forestiere, AgroParisTech-INRA

Abstract: We propose to test the portfolio selection theory on the historical data of tree species’ productivities obtained from the French National Forest Inventory (IFN). We determine the optimal timber productivity-vulnerability arrangements out of the combinations of tree species and map the optimal compositions per administrative department in France. We also estimate the survivals of optimal portfolios using the species’ probabilities of presence. Our results show that greater weights in the optimal portfolios correspond to higher probabilities of presence.

Keywords: Forest Management; Portfolio Management; Mixed-Species Forests; Climate Change (search for similar items in EconPapers)
JEL-codes: G17 Q2 Q54 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2014-08, Revised 2014-08
New Economics Papers: this item is included in nep-agr and nep-env
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www6.nancy.inra.fr/lef/Cahiers-du-LEF/2014/2014-09 First version, 2010

Related works:
Working Paper: Portfolio Management of Mixed-Species Forests (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lef:wpaper:2014-09

Access Statistics for this paper

More papers in Working Papers - Cahiers du LEF from Laboratoire d'Economie Forestiere, AgroParisTech-INRA Contact information at EDIRC.
Bibliographic data for series maintained by Sylvain CAURLa ( this e-mail address is bad, please contact ).