What is the value of standing timber?: Difficulties in merging theory with reality

1993 ◽  
Vol 69 (6) ◽  
pp. 680-685 ◽  
Author(s):  
Martin K. Luckert ◽  
Jean-Thomas Bernard

Traditional residual conversion return methods of stumpage appraisal, although consistent with economic theory, are not appropriate for the forestry sector in Canada. Imperfect competition, dynamic residual values, and the forest tenure system pose complications which prevent such methods from adequately representing stumpage values. In developing new stumpage fee systems, decision makers will have to consider these complications and assess whether and how residual conversion return methods may be adjusted to adequately reflect the value of standing timber. Key words: stumpage, residual conversion return, wood values, economic rent

1979 ◽  
Vol 36 (7) ◽  
pp. 725-741 ◽  
Author(s):  
Anthony Scott

A survey of the economic literature of fisheries regulation shows that little of analytical value for the comparison of alternative regulatory techniques has emerged. The suggestion that the general literature on regulation, and on public choice, has something to contribute to the understanding of alternative regimes produces eight criteria. These are applied to the choice between two systems of restricting entry: a tax, and quotas. The transactions costs of the two systems are also investigated. The hypothesis is formed that the eight criteria, plus expected transactions costs, give the edge to a quota system; but this is only illustrative of the approach. Key words: regulation, management, costs, quotas, taxes, revenue, licensing


1985 ◽  
Vol 22 (3) ◽  
pp. 277-285 ◽  
Author(s):  
R. T. Yoshida ◽  
J. Krahn

This paper presents a case history of a multiblock landslide where the blocks move at varying rates along a common horizontal slip surface which follows the contact between stratified drift and underlying till. Movement measurements indicate that the blocks towards the toe move at a higher rate than blocks towards the scarp. Stability analyses show that the entire slide mass can be analyzed as a single unit as opposed to considering each block separately. This finding is compared with the analysis of other multiblock slides. The friction angle mobilized along the horizontal slip surface falls within the range of residual values measured in the laboratory. Key words: landslides, stability, analysis, translational slides, residual strength.


2021 ◽  
Vol 1 (516) ◽  
pp. 14-20
Author(s):  
N. V. Starchuk ◽  
◽  
D. O Liebiedieva ◽  
O. M. Bondarets ◽  
◽  
...  

In the context of market economy in Ukraine, specialists should know the essence of market self-regulation: economic laws, the effect of a market mechanism, market pricing. Such information is given by fundamental (theoretical) economic disciplines, the courses of which in the higher education institutions of Ukraine must be really thought out. When choosing a model of transition from planned to market pricing and in subsequent pricing policy, there was a lag in economic theory and insufficient economic training of specialists as to issues of market pricing, which was chosen as the object of research. The article examines the market pricing materials in the courses of fundamental economic disciplines, textbooks and manuals. According to the results of research, the following conclusions are drawn: in textbooks and manuals on political economy there is not enough information on economic pricing laws, the effect of the market mechanism (only the first two economic laws are mentioned). It is proposed to systematically teach all seven economic pricing laws: their essence, effects, relationship and distribution according to the economic systems of society. The authors have developed the model «Market mechanism effect. Economic pricing laws». In the course of political economy, it is advisable to study not only the industrial market economy, but also the post-industrial information and network economy, the patterns of which are not yet properly known and are fundamentally different. In the course of microeconomics, attention should be paid to the markets of imperfect competition, where a company can influence the price, namely: the markets of monopolistic competition. More attention should be paid to the elasticity of demand in order to develop an effective pricing policy of the company. In the course of macroeconomics, special attention should be paid to keynesian theory, which, unlike neoclassical, correctly considers the markets of goods, services, labor, money imperfectly competitive markets, and their prices not completely flexible (crunch effect). A comparative analysis of political economy and economics is carried out and a conclusion is made about the priority of political economy, which is paid more attention. The fallacy of the trend of displacement of applied fundamental economic disciplines in Ukraine, which are the basis for economic policy, is substantiated. Proposed: economists-theorists shold be trained at HEIs separately; to strengthen the economic training of higher education applicants regarding not only economic, but also non-economic specialties, which will ensure optimal unity of empirical, theoretical and applied knowledge, as well as the possibility of creative approach to understanding the role of economic theory in planning opportunities for personal professional development.


2021 ◽  
Vol 25 ◽  
pp. 37-50
Author(s):  
A.M. Potapenko ◽  
◽  
N.V. Tolkacheva ◽  
V.V. But’kovets ◽  
A.V. Shatravko ◽  
...  

The data on the assessment of the dynamics of forested lands of the Republic of Belarus are presented. The characteristics of the forest fund for the period 1994–2019 are presented. Based on the materials of the provisions of international treaties, documents adopted within the framework of the implementation of the UN Framework Convention on Climate Change at the international and national levels, including the Paris Agreement, the provisions of regulatory legal acts of the Republic of Belarus, the results of scientific research, information from the Ministry of Forestry, according to the data of the State Forest Cadastre, an assessment of greenhouse gases in the forest fund of the Republic of Belarus was carried out. CO2 emissions and sinks from forestry have been calculated in accordance with the IPCC Guidelines for National Greenhouse Gas Inventories using the stock-difference method. It was found that as a result of purposeful work on reforestation and reforestation over a 26-year period, a positive dynamics of the forest fund was achieved in the Republic of Belarus: the forested area increased by 919,6 thousand ha from 7360,7 thousand ha to 8280,3 thousand ha; the forest cover of the territory of the republic increased by 4,3 % and reached 39,9 %; the total standing timber stock increased by 739,5 million m3 from 1092,3 to 1831,8 million m3 (including in mature and over-mature stands — by 300,3 million m3 and amounted to 348,8 million m3); the reserve per hectare of forested land increased by 72,8 m3 and amounted to 221,2 m3/ha; the stock of mature and over-mature stands increased by an average of 52,6 m3 and reached 273,9 m3/ha.


2021 ◽  
pp. 99-130
Author(s):  
Alejandro Pérez ◽  
Soto Domínguez ◽  
Katherine Flórez Pinilla

This paper analyzes from the Austrian School of Economics inte-llectual property patents, understood as a legislative mechanism to encourage entrepreneurial behavior that will lead to innovation and technological de-velopment. We take the case for patents in the pharmaceutical sector, in which we find empirical evidence corroborating the hypothesis of the school, through a theoretical analysis based on issues identified around the patent, such as price discrimination, research limited to certain pathologies, unlimited market power, barriers to national technological development, high costs of protection by the state. Key words: Action Incentives, Entrepreneurship, Patent Law, Economic Theory and Technological Innovation. JEL Classification: B53, L43, K11, K23. Resumen: El presente artículo tiene por objeto analizar desde el marco de la Escuela Austriaca la propiedad intelectual reflejada en las patentes, entendidas como un mecanismo del legislador para incentivar una conducta empresarial que impulse la innovación y el desarrollo tecnológico. Se tomó como caso las patentes en el sector farmacéutico, obteniendo a partir de éste evidencia empírica y la corroboración de las hipótesis de la escuela, por medio de un análisis teórico a la luz de los problemas identificados al-rededor de la patente, tales como: discriminación de precios, investigación parcializada en ciertas enfermedades, poder de mercado ilimitado, barreras al desarrollo tecnológico nacional, altos costos de protección por parte del Estado. Palabras clave: Incentivos de la Acción, Empresarialidad, Derecho de Paten-tes, Teoría Económica e Innovación Tecnológica. Clasificación JEL: B53, L43, K11, K23.


2021 ◽  
Vol 26 ◽  
pp. 1-23

This research is an attempt to uncover the reality and method of Israeli penetration in the South American continent, and aims to draw attention to the weaknesses and mistakes in the role of Arab communities that they had to play in South America, and the position of Arab governments towards that continent. The research was divided into two main axes, as the first dealt with the means of Israeli penetration in South America until 1947, providing a brief overview of the roots of the penetration in the South American continent and the methods it adopted in achieving this. While the second axis focused on the stance of the South American countries on the Arab-Israeli conflict (1947-1973). However, the Israeli infiltration was affecting the political decision-makers in that continent towards the decision to partition Palestine up to the October 1973 war. Key words: the penetration, Palestine, Israel, immigration, Arabs, America


1986 ◽  
Vol 16 (4) ◽  
pp. 733-738 ◽  
Author(s):  
T. Dudley Wallace ◽  
David H. Newman

A method is presented for analyzing an aggregate forest production function using the North Carolina forestry sector as a case study. A nonlinear Cobb–Douglas function that incorporates biological, ownership, and forest-type variables is used to model production. Two measures of production are used: (i) standing timber plus 10-year removals (INVENTORY) and (ii) net 10-year volume change plus 10-year removals (GROWTH). Results show greater stability in the function over time for the INVENTORY measure as opposed to the GROWTH measure. Inferences regarding productivity effects from ownership and forest type changes are also developed. For the INVENTORY measure, forest type more significantly influences the measure than does ownership. For the growth measure, however, both ownership and forest type significantly influence productivity.


Forests ◽  
2020 ◽  
Vol 11 (9) ◽  
pp. 1007
Author(s):  
Victoria Eriksson ◽  
Robert Lundmark

The integration of the Nordic timber markets has been analysed to provide market information to various decision-makers, e.g., climate and industrial policies and investment decisions. This study addresses the interlinkage between Nordic (Sweden, Norway and Finland) roundwood markets (Scots pine (Pinus sylvestris L.)) and Norway spruce ((Picea abies L.) sawlogs and pulpwood). In total, eleven markets were analysed using quarterly data over the period 2006Q1–2017Q4 where various unit root and stationary tests were performed together with Johansen’s cointegration test. In addition, directional causality analyses between the integrated markets were also performed. The results show that the law-of-one-price (LOP) hypothesis can be rejected for most of the studied markets and that no individual market emerges as the price-leader. Only the Swedish and Norwegian pine sawlog markets are integrated suggesting a single market for both countries. Price affecting national and forest-related policies as well as investments in the forestry sector, forest industries, bioenergy sector and other forest product using sectors, will not disperse into a larger international market structure; instead, the price effect will be national and more likely have a more profound effect.


2011 ◽  
Vol 11 (3) ◽  
Author(s):  
Iskandar Iskandar

 This article are intended to describe the thirteen principles of environment conservation law in sustainable forest management as an instrument of prevention of forest damage. In the realization, almost all of the principles are not applied or not be the basis of consideration, either by the Ministry of Forestry, relevant sector ministries, and local governments in establishing the concervation policies. This makes the implementation of policies to use, changes in the function, and use (permission to borrow to use) the forest resist of violations and irregularities. Therefore, it needs to be developed (ius constituendum perspective) the principle of environmental law as a general principles, which has the nature of force and lead to the development of leadership character of the decision makers. Key words: Actualization, Principles of Law, Conservation, Environment Functions, Forest


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