Several papers have now estimated the impact of climate change on national timber markets, but few studies have measured impacts globally. Further, the literature on impacts has focused heavily on changes in productivity and has not integrated movements of biomes as well. Here, a dynamic model...

The appropriate specifications for aggregate extraction and exploration cost functions are derived from a disaggregate model of the search for low-cost deposits of an exhaustible resource. The common practice of combining the no-discovery extraction cost function with exploration is shown to...

This study develops cumulative carbon “supply curves” for global forests utilizing an dynamic timber supply model for sequestration of forest carbon. Because the period of concern is the next century, and particular time points within that century, the curves are not traditional Marshallian...

This paper presents a model of global timber markets that captures the evolution of a broad array of forest resources and timber market margins over time. These margins include the inaccessible northern and tropical margins, plantation establishment, and timberland management. A baseline case is...

This paper examines the likely impact on agriculture of the climate change which has already taken place between 1960 and 2000. Accumulating greenhouse gases have caused global temperatures to rise approximately 0.25[thin space][degree sign]C during this period and for precipitation patterns to...

Farmland values have traditionally been valued using seasonal temperature and precipitation. A new strand of the literature uses degree days over the growing season to predict farmland value. We find that degree days and daily temperature are interchangeable over the growing season. However, the...

Farmland values have traditionally been valued using seasonal temperature and precipitation. A new strand of the literature uses degree days over the growing season to predict farmland value. We find that degree days and daily temperature are interchangeable over the growing season. However, the...

This study relies on the Ricardian method to estimate the damages of climate change to US agriculture. The study uses repeated cross sectional analyses of US Census data collected at the county level from 1978-2002. Regressions of farmland value on climate and other control variables reveal that...

Models are used to estimate potential physical and biological impacts, efficient adaptations, and residual damages from climate change. The contributors cover a broad array of climate change impacts on affected market sectors (including water supply, agriculture, coastal resources, timber, and...