Article

Market dynamics and optimal timber salvage after a natural catastrophe. [Erratum: 2004 Oct., v. 50, no. 5, p. 742.]

2004-08-01

Abstract excerpt

Forest-based natural catastrophes are regular features of timber production in the United States, especially from hurricanes, fires, and insect and disease outbreaks. These catastrophes affect timber prices and result in economic transfers. We develop a model of timber market dynamics after such a catastrophe that shows how timber salvage affects the welfare of different market groups and quantifies the impacts of...

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Identifiers and source

Literature Corpus work: 279511d3-39ef-5b09-921e-cd13c33869de
DOI: 10.1093/forestscience/50.4.495

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