Management Challenges for Multiple-Species Boreal Forests

Anne Sophie Crépin
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Anne Sophie Crépin: the Beijer Institute, the International Institute of Ecological Economics and University of Stockholm, Sweden

No 2003.106, Working Papers from Fondazione Eni Enrico Mattei

Abstract: Recent research in natural sciences shows that boreal forests' dynamics are much more complex than what many models traditionally used in forestry economics reflect. This essay analyses some challenges of accounting for such complexity. When forest owners continuously harvest several species, more than one harvesting strategy can be optimal. Which one it is depends on the forest's initial state. For some initial states, two different strategies may yield the same welfare. If whole stand harvesting of one tree species is preferred, the optimal period between each harvesting occasions depends on other species' dynamics.

Keywords: Multiple Steady States; Forestry; Non-Convexities; Moose (search for similar items in EconPapers)
JEL-codes: Q23 Q26 Q29 (search for similar items in EconPapers)
Date: 2003-12
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2003.106

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