Optimal location of new forests in a suburban area

Ellen Moons, Bert Saveyn, Stef Proost and Martin Hermy

No 544035, Working Papers of Department of Economics, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven

Abstract: This paper looks for the optimal location of new forests in a suburban area under area constraints. The GIS-based methodology takes into account timber, hunting, carbon sequestration, non-use and recreation benefits and opportunity costs of converting agricultural land, as well as planting and management costs of the new forest. The recreation benefits of new forest sites are estimated using function transfer techniques. We show that the net social benefit of new forest combinations respecting the area constraints may differ up to a factor 21. The substitution effect between forests, both new and existing, turned out to be the dominant factor in the benefit estimation.

Keywords: Benefit transfer; travel cost analysis; cost-benefit analysis; forest recreation; Geographical Information Systems (GIS) (search for similar items in EconPapers)
Date: 2005
Note: paper number ETE WP 2005-2
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Published in Working Papers, pages 1-39

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Related works:
Working Paper: Optimal location of new forests in a suburban area (2005)
Working Paper: Optimal Location of New Forests in a Suburban Area (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ete:ceswps:544035

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