Market Dynamics and Optimal Timber Salvage After a Natural Catastrophe

@article{Prestemon2004MarketDA,
  title={Market Dynamics and Optimal Timber Salvage After a Natural Catastrophe},
  author={J. Prestemon and T. Holmes},
  journal={Scientia Forestalis},
  year={2004}
}
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 salvage on product markets. A theoretical framework is developed that explores… Expand
42 Citations

Figures and Tables from this paper

Timber Salvage Economics
  • 14
  • PDF
Timber prices after natural disasters in the Forest District of Węgierska Górka
  • PDF
Timber supply and economic impact of mountain pine beetle salvage strategies
  • 2
An Economic Assessment of Mountain Pine Beetle Timber Salvage in the West
  • 10
  • PDF
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 57 REFERENCES
...
1
2
3
4
5
...