We study the management regimes of size-structured boreal Norway spruce (Picea abies (L.) Karst.) and Scots pine (Pinus sylvestric L.) stands. Our aim is to compare the economic profitability of continuous cover and rotation forestry and to study the hypothesis that continuous cover forestry is...

Coniferous sawnwood is the most important solid wood product in terms of its production volume and economic significance. It also plays a vital role in the forestry-forest industry value chain. We estimated price- and income elasticities for per capita softwood sawnwood consumption based on FAO...

Forests play a vital role in mitigating climate change, as they sequester and store large quantities of carbon. This dissertation examines how carbon storage may be increased by changing forest management at the stand level. To extend the economics of forest carbon storage beyond single-species...

In the fire-prone Western U.S., the scale of surrounding forest density can be realized by homebuyers as an amenity for aesthetics and cooling effects, or as a disamenity in terms of wildfire risk. There has been a lack of academic attention to understanding this duality of forest density...

A major problem faced by government as trustee of society charged with conserving the nation's forest environmental asset is that the standard Economic Account for Forestry (EAF) fails to measure the contribution of nature to total forest incomes and environmental assets. In the context of this...

European temperate and boreal forests sequester up to 12% of Europe's annual carbon emissions. Forest carbon density can be manipulated through management to maximize its climate mitigation potential, and fast-growing tree species may contribute the most to Climate Smart Forestry (CSF) compared to...

The competitive advantage of traditional forest industry regions such as North America, Russia and the EU is based largely on the production and processing of coniferous (C) biomass. However, non-coniferous (NC) and recycled (R) biomass provide cost-effective alternatives to C biomass, which have...

Economic theory considers physical production characteristics and related property rights as key determinants of the organization of an industry. Yet, we frequently observe coexisting governance modes within industries and firms, even when the transaction attributes of a commodity are homogenous....

Using a discrete choice experiment we elicit coefficients and willingness to pay (WTP) values for eight structural characteristics of forests for 2932 respondents from a Germany-wide population sample. Results of the monetary valuation show that positive WTP values exist for increasing the share of ...

Forest economics in Russia is reviewed from pro-Soviet times to the present, showing how, in 100 years, forestry has gone from being an important source of revenue for the state in 1913 to being a serious loss-maker in 2013. The main reasons for this reversal of profitability during the Soviet...