Timber Supply, Amenity Values and Biological Uncertainty.

This paper uses the Kreps-Porteus-Selden non-expected utility approach to study the effects of biological uncertainty on harvesting behavior when forest owners have preferences over harvest revenue and amenity services of forest stands.

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Year of publication:	1998
Authors:	Koskela, E. ; Ollikainen, M.
Institutions:	Politiikan ja Talouden Tutkimuksen Laitos, Valtiotieteellinen tiedekunta
Subject:	FORESTS

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Series:	University of Helsinki, Department of Economics.
Type of publication:	Book / Working Paper
Notes:	24 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; Q23 - Forestry ; Q26 - Recreational Aspects of Natural Resources
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005775844