Economic analysis of carbon sequestration and bioenergy production under catastrophic risk and price uncertainty

Lijiao Hu

No 162566, 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas from Southern Agricultural Economics Association

Abstract: This paper investigates how payments for carbon offsets and bioenergy impact the optimal management of hardwood forests under conditions of risk and price uncertainty that represents by the use of an E-V model. The results show that higher carbon price increases LEV and rotation age; fire risk decreases LEV and rotation age.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 22
Date: 2014
New Economics Papers: this item is included in nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea14:162566

DOI: 10.22004/ag.econ.162566

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