We develop a cross‐border market model for two countries based on a continuous trading mechanism, in which the transmission capacities that enable transactions between market participants from different countries are limited. Our market model can be described by a regime‐switching process...

After successful government-led afforestation projects, what are the challenges for forest management in the face of climate change in East Asia? This reprint presents studies from the natural and social sciences related to forest conservation, engineering, disaster sociology, and forest policy...