A Note on High Discount Rates and Depletion of Primary Forests

Autor:	Erwin H. Bulte, Daan P. van Soest
Jazyk:	angličtina
Rok vydání:	1996
Předmět:	conservation of primary and secondary forests discount rates timber concessions tropical deforestation Agriculture
Zdroj:	Journal of Agricultural and Resource Economics, Vol 21, Iss 2, Pp 341-350 (1996)
Druh dokumentu:	article
ISSN:	1068-5502 2327-8285
DOI:	10.22004/ag.econ.31026
Popis:	Conventional wisdom implies that high discount rates accelerate depletion of tropical forests. As shown in this article, this result does not necessarily hold in a two-state variable model that distinguishes between primary and secondary forest stocks. In the context of a fixed concession period and imperfect government control, logging of primary forests may be both accelerated and depressed as discount rates increase.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/40659d847a43424f9319ecd67c87233c Zobrazit plný text záznamu View record in DOAJ