In timber production, sustainability means maintaining resources by balancing timber harvest with timber growth. In forest management, sustainability also refers to a constant and steady flow of income. The aim of this study is to resolve the contradiction, whether a sustainable/continuous flow of...

The financial performance of timberland as an alternative asset is assessed by the intertemporal capital asset pricing model and Fama-MecBeth two-step regression method. In the analysis, alternative assets include emerging markets, hedge funds, private equity, venture capital, commodities, real...

Between the end of 1980s and today, the timberland asset class managed by timberland investment management organizations in the United States has grown from one to over 30 billion USD. However, to date, the application of scholarly research on the assessment of the performance of private equity...

Fuelwood collection by poor people is often cited as the most important cause of deforestation in developing countries. Using household survey data from India, we show that households located farther away from the forest spend more time in fuelwood collection. These households are likely to sell...

Few studies have analyzed the performance of stumpage sales ensuing the tenure reform and market liberalization in China's southern collective forest region. In this paper we investigate the price formation and determination of recent stumpage sales in southwestern Zhejiang, using a line hedonic...

Broad social changes are reflected in the forest owner structure, which has become increasingly diverse both demographically and in terms of objectives and values. This naturally also impacts forest owners' interest towards using their forests as well as to their interest in purchasing various ...

In the coming decades, climate change is projected to cause carbon dioxide fertilization effects in pine forests in the US Southeast. Resulting changes in pine (loblolly) growth will impact forest markets and regional carbon sequestration. We examine this impact in the context of baseline demand...

An empirical analysis which compares Colombia's 2019 Forest Plantation for Wood Production Value Chain policy (PFCm policy), aimed at reaching 1.5 Mha of commercial plantations by 2025, with five other policy scenarios, for the period 2015-2047, is presented. We consider two cases with no...

We built a game-theoretic supply model where forest landowners respond to each other's decisions using two market assumptions: (i) Perfect cartel, (ii) Cournot competition (simultaneous moves) and (iii) Stackelberg competition (sequential moves). Our findings indicate that the initial forest...

This report presents survey results for Ontario's secondary wood manufacturing industries in 2017. The survey compiled operational, employment, production, marketing, and financial information on eight business types. This was the first Canadian Forest Service survey of this segment of the Ontario ...