Options for maintaining forest productivity after natural disturbance: A principal–agent approach
Tim Bogle and
Gerrit van Kooten
Forest Policy and Economics, 2013, vol. 26, issue C, 138-144
Historically, British Columbia mandated silvicultural outcomes on public forestland because timber had a sufficiently high value to produce high resource rents. The mountain pine beetle altered the value of pine, reducing rents and impacting the silvicultural re-imbursement of regulated practices. As a result, forest companies continuing to log stands of damaged pine seek to meet the minimum regulatory regeneration outcomes at lowest possible costs.
Keywords: Forest productivity; Silvicultural strategies; Principal–agent relations; Public ownership of forestland (search for similar items in EconPapers)
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