This paper examines the costs of meeting explicit targets for increments of carbon sequestered in forests when both forest management decisions and the area offorests can be varied. Costs are estimated as welfare losses in markets for forest and agricultural products. Results show greatest...

Dwindling area of old-growth forest is of concern in many regions of the world. Forest reserves provide one solution. But highly productive timberlands are typically excluded from reserves due to cost. In this study, old-growth forest is defined by structural attributes believed to be important...