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Economics of mixed-species forestry with ecosystem services

Publiceringsår

2019

Upphovspersoner

Tahvonen, Olli; Ramo, Janne; Monkkonen, Mikko

Abstrakt

The Faustmann-Hartman setup is widely established for specifying the economics of forest values besides timber, but it is criticized as restrictive for capturing diversity values. We show that extending the model to cover diversity attributes, i.e., mixed species and internal heterogeneity within species, is not enough to overcome these restrictions. Additionally, it is necessary to extend forest harvesting regimes to cover thinning, continuous cover forestry, and the management of commercially useless trees. Restrictions in the Faustmann-Hartman setup are first shown analytically with optimized thinning but without tree size structures. The empirical significance of these findings is shown by a model that includes four tree species, tree size structures, an extended set of forest management activities, a detailed description of harvesting costs, and a measure for stand diversity as a key factor behind ecosystem services. We show how an optimal harvesting regime, net revenues, wood output, and stand diversity depend on model flexibility, economic parameters, and the valuation of ecosystem services. In a setup allowing flexible management regimes, the costs of reaching a specified level of ecosystem services are negligible compared with those of the Faustmann-Hartman specification.
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Organisationer och upphovspersoner

Helsingfors universitet

Ramo Janne

Tahvonen Olli

Jyväskylä universitet

Mönkkönen Mikko Orcid -palvelun logo

Naturresursinstitutet

Rämö Janne

Publikationstyp

Publikationsform

Artikel

Moderpublikationens typ

Tidning

Artikelstyp

En originalartikel

Målgrupp

Vetenskaplig

Kollegialt utvärderad

Kollegialt utvärderad

UKM:s publikationstyp

A1 Originalartikel i en vetenskaplig tidskrift

Publikationskanalens uppgifter

Volym

49

Nummer

10

Sidor

1219-1232

Publikationsforum

53015

Publikationsforumsnivå

3

Öppen tillgång

Öppen tillgänglighet i förläggarens tjänst

Ja

Öppen tillgång till publikationskanalen

Helt öppen publikationskanal

Parallellsparad

Nej

Övriga uppgifter

Vetenskapsområden

Ekologi, evolutionsbiologi; Skogsvetenskap; Nationalekonomi

Nyckelord

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Publiceringsland

Kanada

Förlagets internationalitet

Internationell

Språk

engelska

Internationell sampublikation

Nej

Sampublikation med ett företag

Nej

DOI

10.1139/cjfr-2018-0514

Publikationen ingår i undervisnings- och kulturministeriets datainsamling

Ja