This study develops a model of land use change in the Midwestern States of Ohio, Indiana, and Illinois. Given the emergence of spatial econometrics, three models are compared to assess the sensitivity of the estimates to alternative assumptions about the distribution of their errors. Projections...

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...

Assumptions regarding landowner participation, whether mandatory or voluntary, are an important determinant in evaluating the implications of a carbon offset sales program. We modify an existing intertemporal optimization model of the US forest and agriculture sectors to allow optional...

Total US forestry production is estimated to increase over the next century under several climate change projections. Consumers would likely benefit from lower prices, although profitability in the industry could decline. Regional shifts could well occur, with the Southern US forest industry...

Production of renewable energy from biomass has been promoted as means to improve greenhouse gas balance in energy production, improve energy security, and provide jobs and income. However, uncertainties remain as to how the agriculture and forest sectors might jointly respond to increased...