Bequest Intentions of Forest Landowners: Theory and Empirical Evidence

G.S. Amacher, Erkki Koskela, M. Ollikainen and M.C. Conway

University of Helsinki, Department of Economics from Department of Economics

Abstract: This paper extends the overlapping generations model of the forest sector with the one-sided altruism to study the conditions under which monetary and/or timber bequests are operative. The paper departs from the general public finance literature by assuming nonindustrial landowners have preferences for consumption and for amenities from unharvested forest stock.

Keywords: FORESTS; PROPERTY RIGHTS; LAND (search for similar items in EconPapers)
JEL-codes: D64 Q23 Q28 (search for similar items in EconPapers)
Pages: 29 pages
Date: 1999
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Journal Article: Bequest Intentions of Forest Landowners: Theory and Empirical Evidence (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:helsec:454

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