Alig, Ralph; Adams, Darius; McCarl, Bruce; Callaway, J.; … - In: Environmental & Resource Economics 9 (1997) 3, pp. 259-274
A model of product and land markets in U.S. forest and agricultural sectors is used to examine the private forest management, land use, and market implications of carbon sequestration policies implemented in a “least social cost” fashion. Results suggest: policy-induced land use changes may...