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Payment for multiple forest benefits alters the effect of tree disease on optimal forest rotation length

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Standard Standard

Payment for multiple forest benefits alters the effect of tree disease on optimal forest rotation length. / Macpherson, Morag; Kleczkowski, Adam; Healey, John et al.
In: Ecological Economics, Vol. 134, 04.2017, p. 82-94.

Research output: Contribution to journal › Article › peer-review

HarvardHarvard

Macpherson, M, Kleczkowski, A, Healey, J & Hanley, N 2017, 'Payment for multiple forest benefits alters the effect of tree disease on optimal forest rotation length', Ecological Economics, vol. 134, pp. 82-94. https://doi.org/10.1016/j.ecolecon.2017.01.008

APA

Macpherson, M., Kleczkowski, A., Healey, J., & Hanley, N. (2017). Payment for multiple forest benefits alters the effect of tree disease on optimal forest rotation length. Ecological Economics, 134, 82-94. https://doi.org/10.1016/j.ecolecon.2017.01.008

CBE

Macpherson M, Kleczkowski A, Healey J, Hanley N. 2017. Payment for multiple forest benefits alters the effect of tree disease on optimal forest rotation length. Ecological Economics. 134:82-94. https://doi.org/10.1016/j.ecolecon.2017.01.008

MLA

Macpherson, Morag et al. "Payment for multiple forest benefits alters the effect of tree disease on optimal forest rotation length". Ecological Economics. 2017, 134. 82-94. https://doi.org/10.1016/j.ecolecon.2017.01.008

VancouverVancouver

Macpherson M, Kleczkowski A, Healey J, Hanley N. Payment for multiple forest benefits alters the effect of tree disease on optimal forest rotation length. Ecological Economics. 2017 Apr;134:82-94. Epub 2017 Jan 21. doi: 10.1016/j.ecolecon.2017.01.008

Author

Macpherson, Morag ; Kleczkowski, Adam ; Healey, John et al. / Payment for multiple forest benefits alters the effect of tree disease on optimal forest rotation length. In: Ecological Economics. 2017 ; Vol. 134. pp. 82-94.

RIS

TY - JOUR

T1 - Payment for multiple forest benefits alters the effect of tree disease on optimal forest rotation length

AU - Macpherson, Morag

AU - Kleczkowski, Adam

AU - Healey, John

AU - Hanley, Nick

PY - 2017/4

Y1 - 2017/4

N2 - Forests deliver multiple benefits both to their owners and to wider society. However, a wave of forest diseases and pests is threatening this worldwide. In this paper we examine the optimal rotation length of a single-aged, single rotation forest when a payment for non-timber benefits is included. This payment reflects the social values of forest management and is offered to private forest owners to partly internalise such benefits. We show that the inclusion of such a payment generally increases optimal rotation length, but this effect shows a range of complex interactions with key factors linked to tree disease (its external pressure, rate of transmission and impact on the value of harvested timber). Moreover, we highlight that this result is dependent on the structure of the payment for non-timber benefits, and under some constraints it may be optimal to never harvest the forest.

AB - Forests deliver multiple benefits both to their owners and to wider society. However, a wave of forest diseases and pests is threatening this worldwide. In this paper we examine the optimal rotation length of a single-aged, single rotation forest when a payment for non-timber benefits is included. This payment reflects the social values of forest management and is offered to private forest owners to partly internalise such benefits. We show that the inclusion of such a payment generally increases optimal rotation length, but this effect shows a range of complex interactions with key factors linked to tree disease (its external pressure, rate of transmission and impact on the value of harvested timber). Moreover, we highlight that this result is dependent on the structure of the payment for non-timber benefits, and under some constraints it may be optimal to never harvest the forest.

U2 - 10.1016/j.ecolecon.2017.01.008

DO - 10.1016/j.ecolecon.2017.01.008

M3 - Article

VL - 134

SP - 82

EP - 94

JO - Ecological Economics

JF - Ecological Economics

ER -