Optimal Forest Policies in an Overlapping Generations Economy with Timber Bequests.

This paper studies optimal forest policies in an overlapping generations forest economy with one-sided altruism and public goods, where timber and monetary bequests can be made across generations. We extend the existing economics literature by demonstrating that timber bequests can dominate money bequests in many situations, and that timber bequests may even by operative in dynamically inefficient steady states.

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Year of publication:	2000
Authors:	Amacher, G.S. ; Koskela, E. ; Ollikainen, M.
Institutions:	Politiikan ja Talouden Tutkimuksen Laitos, Valtiotieteellinen tiedekunta
Subject:	GENERATIONS \| TAXATION \| ALTRUISM \| BEQUESTS \| FORESTS

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Series:	University of Helsinki, Department of Economics.
Type of publication:	Book / Working Paper
Notes:	31 pages
Classification:	D64 - Altruism ; Q23 - Forestry ; H21 - Efficiency; Optimal Taxation ; H23 - Externalities; Redistributive Effects ; Environmental Taxes and Subsidies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005625261