| 1. |
- Aguilar Cabezas, Francisco X, et al.
(författare)
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Dweller Preferences for Wood as a Load-Bearing Material in Residential Buildings
- 2023
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Ingår i: Journal of Forest Economics. - : Now Publishers. - 1104-6899 .- 1618-1530. ; 38, s. 77-111
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Tidskriftsartikel (refereegranskat)abstract
- The wider use of wood as a load-bearing framing material can advance climate action by storing carbon in long-lived products. Substitution of traditional materials such as brick, concrete, and steel will be partly determined by dweller preferences. Unknown preferences allowed, we elicited stated choices for the following load-bearing materials in residential construction: (i) primarily wood and (ii) wood in combination with other materials, over the use of (iii) traditional (e.g., brick, concrete, steel). Stated choices with an opt-out option gathered from over 7,000 adults residing across seven European nations were modelled using a weighted multinomial logistic regression. Among our explanatory variables, past experience and knowledge dominated higher preferences toward wood over traditional materials. Negative attitudes related to wood harvesting had a strong inverse effect. Preferences show that primarily wood and wood in combination with other materials were perceived as two distinct load-bearing products. A concerted effort to better inform the public on the green credentials and performance features of wood might be necessary to increase its use in European residential load-bearing framing.
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| 2. |
- Johansson, Per-Olov, et al.
(författare)
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Swapping forests to preserve valuable sites: A sketch of a framework for economic evaluation
- 2021
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Ingår i: Journal of Forest Economics. - : Now Publishers Inc.. - 1104-6899 .- 1618-1530. ; 36:3, s. 183-200
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Tidskriftsartikel (refereegranskat)abstract
- In 2012 the Swedish Environmental Protection Agency was provided with 100,000 ha of productive forest land. The Agency swapped the land to obtain conservation-worthy forests, and these were turned into natural reserves. Conservation without reference to both benefits and cost typically results in inefficient solutions. In this paper we discuss how to select the forest stands to preserve in a cost-effective manner. We also discuss how to design a cost-benefit analysis of the swapping program. We provide several new results regarding the economics of preservation, when land swaps is a viable instrument.
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| 3. |
- Kriström, Bengt, et al.
(författare)
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The infinitely worried forest owner key biotopes and forest certification in a Faustmann model
- 2020
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Ingår i: Journal of Forest Economics. - : Now Publishers. - 1104-6899 .- 1618-1530. ; 35, s. 69-73
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Tidskriftsartikel (refereegranskat)abstract
- In this note, we consider a case when a forestry property may lose its market value through "political risk", illustrated here by it being classified as containing a key biotope. If a key biotope is found on a forest property in Sweden, the wood is almost impossible to sell. We show how the Faustmann formula is modified in this case and identify a "balance sheet" effect and a shortened rotation period. The theory seems to have some empirical support, given observed changes in bank lending contracts and alleged changes in forester's behavior to reduce the "political risk".
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| 4. |
- Lozano, Julian E., et al.
(författare)
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Valuation of Large Carnivores and Regulated Carnivore Hunting
- 2020
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Ingår i: Journal of Forest Economics. - Boston : Now Publishers Inc.. - 1104-6899 .- 1618-1530. ; 35:4, s. 337-373
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Tidskriftsartikel (refereegranskat)abstract
- Large carnivores are keystone species but represent economic costs to hunters. In Sweden, carnivore territories generally overlap with hunting areas, and as a result, conflicts occur because of the competition for prey. The wolf, lynx, and brown bear are protected species by law but are hunted when authorities allocate license hunting quotas. The aim of these quotas is to limit carnivore numbers. We estimate a hedonic model using ordinary least squares to address the effect of large carnivore occurrence on hunting lease prices by accounting for the presence of license hunting quotas for predators. This result is compared with the least absolute deviation estimations, which reduce the influence of outliers in the survey data. To isolate the effect of carnivores on hunting lease prices, we use snow depth and forest productivity as proxy variables for game harvest in the absence of carnivores. Our results show that lynx and wolf presence reduce hunting lease prices, but lynx presence shows higher significance and robustness. Based on median regressions, the marginal implicit price of an additional wolf territory is about 15% larger than that of an additional lynx territory. In contrast, we found no conclusive evidence that bear abundance directly affects hunting lease prices, but regulated bear hunting is found to have a positive and significant impact on hunting leases, suggesting indirect positive net benefits of increased brown bear abundance.
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| 5. |
- Lööf, Hans, 1961-, et al.
(författare)
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Incorporating ESG into Optimal Stock Portfolios for the Global Timber & Forestry Industry
- 2023
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Ingår i: Journal of Forest Economics. - : Now Publishers Inc.. - 1104-6899 .- 1618-1530. ; 38:2, s. 133-157
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Tidskriftsartikel (refereegranskat)abstract
- This paper investigates how optimal portfolios of timber & forestry stocks perform relative to the global S&P timber & forestry index when corporate social responsibility (CSR) is considered. We incorporate CSR in the construction of optimal portfolios by utilizing combined environmental, social, and governance (ESG) scores. Historical as well as copula-augmented predictive models and ESG-constrained optimization are used to analyze out-of-sample performance of various portfolio strategies over the period 2018–2021. The results of copula-based portfolio strategies are better than of the historical models. Another insight gained by this study is that socially responsible investments in forestry stocks are feasible without sacrificing risk-adjusted returns.
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| 6. |
- Mark-Herbert, Cecilia, et al.
(författare)
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Urban Planners’ Perspectives on Public Private Partnership for Wooden Multistorey Construction
- 2023
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Ingår i: Journal of Forest Economics. - : Now Publishers. - 1104-6899 .- 1618-1530. ; 38, s. 7-35
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Tidskriftsartikel (refereegranskat)abstract
- Increased awareness of sustainable development in the construction industry and current housing shortages have contributed to market opportunities for wooden multi-storey construction (WMC) in the Nordic countries. However, the market development has been slow despite access to forest products and a political ambition to transform to a low carbon society. The aim of this study is to explain enabling factors for municipalities in Sweden to create institutional conditions that stimulate local market development of WMC. A comparative case study of municipal efforts to establish WMC norms has been conducted pointing to the importance of relationships, in so-called public private partnerships (PPP). These partnerships serve as long-lasting relations in which development processes can manage challenges relating to, for example, lack of professional experience in WMC and dated material understandings of wood as a construction material. In the Sustainable Development Goals, PPP represent enabling conditions for sustainable system transformations.
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| 7. |
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| 8. |
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| 9. |
- Yamamoto, Yuki, et al.
(författare)
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Preventing Peatland Fires in Central Kalimantan, Indonesia: The Role of Economic Incentives and Social Norms
- 2020
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Ingår i: JOURNAL OF FOREST ECONOMICS. - : Now Publishers. - 1104-6899 .- 1618-1530. ; 35:2-3, s. 207-227
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Tidskriftsartikel (refereegranskat)abstract
- This study examines the role of economic incentives and social norms in farmers' fire prevention behaviors using survey and remote sensing data. We focus on Central Kalimantan, Indonesia, where large peatland fires cause environmental and social problems. Our regression results indicate that farmers' prevention behaviors are positively associated with agricultural economic returns and participation in local community mutual assistance activities. On the contrary, economic returns on non-agricultural activities are negatively associated with prevention behavior. In addition, we find no difference in fire prevention activities between villages participating in the Reducing Emissions from Deforestation and Forest Degradation scheme and non-participating villages. These results suggest that a performance-based incentive is important to improve the effectiveness of policies designed to prevent peatland fires and mitigate the risk of climate change.
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