Harvest Choice and Timber Supply Models for Forest Forecasting

@inproceedings{Polyakov2010HarvestCA,
  title={Harvest Choice and Timber Supply Models for Forest Forecasting},
  author={Maksym Polyakov and David N. Wear and Robert N. Huggett},
  year={2010}
}
Timber supply has traditionally been modeled using aggregate data, whereas individual harvest choices have been shown to be sensitive to the vintage and condition of forest capital stocks. In this article, we build aggregate supply models for four roundwood products in a seven-state region of the US South directly from stand-level harvest choice models applied to detailed forest inventories. These models allow for a more precise accounting of the biological and economic underpinnings of supply… CONTINUE READING