Canadian Forest Tenures as Incentive Frameworks for the Silvicultural Expenditures of Private Firms

Martin Luckert and David Haley

No 232542, Staff Paper Series from University of Alberta, Department of Resource Economics and Environmental Sociology

Abstract: In Canada, where most forest lands are publicly owned, forest management responsibilties are delegated to the private sector through licensing arrangements which grant limited usufructuary rights. In order to ensure that public silvicultural goals are met on licensed public lands, various policy instruments have been adopted. These include contractual requirements, the reimbursement of silvicultural costs and investment incentives in the form of shares in the value of timber crops resulting from voluntary silvicultural activites. In this paper, the impacts of these alternative arrangements on the investment behaviour of private forest companies is analyzed, welfare losses are identified and policy implications are discussed.

Keywords: Environmental Economics and Policy; Farm Management (search for similar items in EconPapers)
Pages: 33
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ualbsp:232542

DOI: 10.22004/ag.econ.232542

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