L eakage from forest carbon seques- tion has been widely acclaimed as an optration— the amount of a program’s direct carbon tion for mitigating greenhouse gas emisbenefits undermined by carbon releases else- sions (GHGE). Land use change and where—depends critically on demanders’ability...

Oligopsonistic commodity markets can induce upstream vertical integration by the input demanders. The associated price distortion can also induce output substitution by the commodity's suppliers. These phenomena are considered in the context of pulpwood markets in the U.S. The estimated welfare...

Harvesting restrictions to protect the habitat of the northern spotted owl on federal forests in the Pacific Northwest (PNW) substantially reduced timber available for processing by the forest products industry. We consider the extent to which these restrictions may have altered the degree of...