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- Kriström, BengtUmeå universitet,Swedish University of Agricultural Sciences,Sveriges lantbruksuniversitet,Institutionen för skogsekonomi,Department of Forest Economics,Centre for Environmental and Resource Economics (CERE),Umeå University,Centrum för miljö- och naturresursekonomi (CERE),SLU, Umeå, Sweden (author)
The infinitely worried forest owner key biotopes and forest certification in a Faustmann model
- Article/chapterEnglish2020
Publisher, publication year, extent ...
- Now Publishers,2020
Numbers
- LIBRIS-ID:oai:slubar.slu.se:103247
- https://res.slu.se/id/publ/103247URI
- https://doi.org/10.1561/112.00000502DOI
- https://research.hhs.se/esploro/outputs/journalArticle/The-Infinitely-Worried-Forest-Owner-Key/991001480423906056URI
- https://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-168181URI
Supplementary language notes
- Language:English
- Summary in:English
Part of subdatabase
- SwePubSwePub
Classification
Notes
- 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".
Subject headings and genre
- SAMHÄLLSVETENSKAP Ekonomi och näringsliv Nationalekonomi hsv//swe
- SOCIAL SCIENCES Economics and Business Economics hsv//eng
- LANTBRUKSVETENSKAPER Lantbruksvetenskap, skogsbruk och fiske Skogsvetenskap hsv//swe
- AGRICULTURAL SCIENCES Agriculture, Forestry and Fisheries Forest Science hsv//eng
- SAMHÄLLSVETENSKAP Ekonomi och näringsliv Företagsekonomi hsv//swe
- SOCIAL SCIENCES Economics and Business Business Administration hsv//eng
- SAMHÄLLSVETENSKAP Annan samhällsvetenskap Övrig annan samhällsvetenskap hsv//swe
- SOCIAL SCIENCES Other Social Sciences Other Social Sciences not elsewhere specified hsv//eng
Added entries (persons, corporate bodies, meetings, titles ...)
- Johansson, Per-OlovUmeå universitet,Stockholm School of Economics,Handelshögskolan i Stockholm,Centrum för miljö- och naturresursekonomi (CERE),Stockholm School of Economics, Stockholm, Sweden(Swepub:hhs)203@hhs.se (author)
- Sveriges lantbruksuniversitetInstitutionen för skogsekonomi (creator_code:org_t)
- Sveriges lantbruksuniversitet
Related titles
- In:Journal of Forest Economics: Now Publishers35, s. 69-731104-68991618-1530
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