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DOES INCLUSION OF LANDOWNERS' NON-MARKET VALUES LOWER COSTS OF CREATING CARBON FOREST SINKS?

Sabina L. Shaikh, Pavel Suchanek, Lili Sun and Gerrit van Kooten

No 18151, Working Papers from University of Victoria, Resource Economics and Policy

Abstract: This research examines effects of various factors on farmer participation in agricultural tree plantations for economic, environmental, social and carbon-uptake purposes. Using data from a survey of Canadian agricultural landowners, a discrete choice random utility model is used to determine the probability of farmers' participation and corresponding mean willingness to accept (WTA) compensation for a tree-planting program. WTA includes positive and negative nonmarket benefits to landowners from planting trees. Estimates of WTA are less than foregone agricultural rents, but average costs of creating carbon credits still exceed their projected value under a CO2-emissions trading scheme

Keywords: Agricultural and Food Policy; Environmental Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
Pages: 30
Date: 2003
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Working Paper: Does Inclusion of Landowners’ Non-Market Values Lower Costs of Creating Carbon Forest Sinks? (2003) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uvicwp:18151

DOI: 10.22004/ag.econ.18151

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