Timber Supply, Amenity Values and Biological Uncertainty

Erkki Koskela and M. Ollikainen

University of Helsinki, Department of Economics from Department of Economics

Abstract: This paper uses the Kreps-Porteus-Selden non-expected utility approach to study the effects of biological uncertainty on harvesting behavior when forest owners have preferences over harvest revenue and amenity services of forest stands.

Keywords: FORESTS (search for similar items in EconPapers)
JEL-codes: D81 Q23 Q26 (search for similar items in EconPapers)
Pages: 24 pages
Date: 1998
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Citations: View citations in EconPapers (1)

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