The intertemporal capital asset pricing model is used to assess the risk–return relationship between forestry-related assets and innovations in state variables using quarterly returns from 1988Q1 to 2011Q4. Market excess returns and innovations in the small-minus-big and high-minus-low...

This study seeks to understand the manner and extent to which western national forests influence an area's overall population and employment growth by evaluating changes in management emphasis from single to multiple uses. The Carlino and Mills model was used to examine county level data from 12...

Forest product trade analysis is complicated by the inter-relationships among forest products. This paper deals with the development and application of an integrated log-lumber trade model that divides the globe into 20 regions. These regions play a significant role as producers and/or consumers...

Farmer's decisions to invest in renewable energy sources can contribute to lower greenhouse gas and mitigate climate change. However, it remains unclear how associated high sunk establishment costs, long-term commitment, highly uncertain net returns, and policy induced incentives could drive...

This paper investigates if and how the establishment of private commercial forest plantations in degraded forest reserves can conserve natural forests in Uganda. It uses difference-in-difference and decomposition analyses on household data collected from intervention and control villages in the...

The single and multiple optimal rotation harvesting pine stands models under Logistic wood stock and Brown price stochastic diffusion processes are reformulated as optimal stopping problems with one dimensional stochastic diffusion solvable with the Hamilton–Jacobi–Bellman equations.

As a result of many years of deforestation, fuelwood scarcity is a critical problem in Ethiopia. The Ethiopian government encouraged afforestation and tree growing at both the community and household levels as a policy to stem deforestation and degradation of agricultural lands. The rationale...

The Faustmann optimal rotation harvesting pine stands' models under Logistic and Gompertz wood stock and Brownian price stochastic diffusion processes are reformulated as stochastic one dimensional optimal stopping problem, which are solvable with the Hamilton-Jacobi-Bellman equations. The...

This study examines the relationship between property rights, defined by land tenure security and the strength of local-level institutions, and household's preferences for fuelwood source. A multinomial regression model applied to survey data collected in rural Ethiopia underpins the analysis....