FEEM working papers "Note di lavoro" series
2003 .106

Management Challenges for Multiple-Species Boreal Forests

Authors: Anne Sophie Crépin
Series: Climate Change and Sustainable Development
Editor: Carlo Carraro
Type: Journal
Keywords: Multiple Steady States,Forestry,Non-Convexities,Moose
JEL n.: Q23,Q26,Q29
JEL: Environmental and Resource Economics
Pages: 26(4): 625-646


Recent research in natural sciences shows that boreal forests' dynamics are much more complex than what many models traditionally used in forestry economics reflect. This essay analyses some challenges of accounting for such complexity. When forest owners continuously harvest several species, more than one harvesting strategy can be optimal. Which one it is depends on the forest's initial state. For some initial states, two different strategies may yield the same welfare. If whole stand harvesting of one tree species is preferred, the optimal period between each harvesting occasions depends on other species' dynamics.

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