... flow problems will increase for forest owners (Birot and Gollier, 2001). JEL Codes: H23, H41, I39, Q23, Q57 Cost-effectiveness cost-benefit analysis forestry conservation uncertainty risk aversion nonuse values key biotopes The VCI is calculated by the normalization...

... literature which analyses such issues. Although research on cost-effective monitoring, enforcement and decision-making has addressed certain issues, others very relevant to conservation policy such as implementation problems related to NATURA 2000 have been neglected. ¹ Typically, uncertainty...

... addressed the impacts of this uncertainty and the main objectives of this article are to quantify major market uncertainties in the Norwegian forest sector and analyse their impacts on the results of a forest sector model study for Norway. The uncertainties are derived from historical time series...

... of habitats, and this is formulated in a chance-constrained programming framework. The theoretical results show; (i) inclusion of quality growth reduces overall cost for achieving a future biodiversity target from relatively early establishment of habitats, but (ii) consideration of uncertainty in growth...

... variation in carbon sink value depending on risk discount. Under no uncertainty, the value can correspond to 0.33% of total GDP in EU, but it declines due to the uncertainty associated with forest carbon sink and is zero for high probability levels in achieving the target. Thus, whether or not to recommend...

... obtainable woody assortments and the second one referred to the potential expenses to pay in order to mitigate the risk. Finally, the framework was tested on an area of central Italy (Tuscany region). Dempster–Shafer theory of evidence Climate change Forestry Fuzzy sets Spatial analysis Uncertainty...

... recreational use can be defined as a seasonal variable: Q s = q + ϖ s of annual mean value q and of variance σ². Moreover, in a context of uncertainty, the appropriate measure of the WTA value is the option price (Graham, 1981) . It corresponds to the revenue transfer...

...Mattias Boman In applied contingent valuation research, the so-called multiple-bounded dichotomous choice (MBDC) willingness to pay (WTP) question format allows respondents to express uncertainty about their valuations. Response data from such questions are typically treated as ordinal, since...

...)). Corresponding author. Tel.: +15402314356; fax: + 15402313698. E-mail address: jsulliv@vt.edu (J. Sullivan). 13 03 2006 16 08 2007 © 2008 Elsevier GmbH 2008 Elsevier GmbH Licensed re-use rights only Catastrophic damage Faustmann model Uncertainty Non-industrial forest landowners...

... 2006 Elsevier GmbH Licensed re-use rights only Q230 Carbon sequestration Woodland Sitka spruce Uncertainty The Elsevier company logo featuring a woodcut illustration of a scholar standing beneath a vine-entwined elm tree with the Latin motto Non Solus. Notes: F=felling...

... only Decision analysis even-aged stand reservation price stochastic optimization uncertainty Interest in determining adaptive timber harvest policies has increased greatly in the last decade. Traditionally, timber harvest decision analysis aims at determining the optimal harvest...

..., Wiktor L. Adamowicz and William A. White Licensed re-use rights only Computable general equilibrium global trade model parameters uncertainty Computable general equilibrium (CGE) models are extensively used to examine economic impacts of changes in forest policies. ¹ Shoven...

...Peichen Gong Diversification of management alternatives is an important, yet neglected issue in forestry decision making under conditions of uncertainty and when the forest owner is risk-averse. This paper presents a model for determining the optimal diversification strategy for clearcut...