Timber and Amenities on Nonindustrial Private Forest Land

Download
(PDF; 143 KB)
Cite
Feedback
  • Authors: Pattanayak, Subhrendu K.; Abt, Karen Lee; Holmes, Thomas P.
  • Publication Year: 2003
  • Publication Series: Miscellaneous Publication
  • Source: In: Sills, Erin O.; Abt, Karen Lee, eds. Forests in a market economy. 2003. Dordrecht, The Netherlands: Kluwer Academic Publishers. p. 243-258.

Abstract

Economic analyses of the joint production timber and amenities from nonindustrial private forest lands (NIPF) have been conducted for several decades. Binkley (1981) summarized this strand of research and elegantly articulated a microeconomic household model in which NIPF owners maximize utility by choosing optimal combinations of timber income and amenities. Most follow-up attempts have been limited to either simulations based on stylized characterization of joint production (Max and Lehman 1988) or to empirical representations hampered by data limitations-particularly with regard to measuring amenity production (Hyberg and Holthausen 1989). In attempting to redress this gap, Holmes (1986) was limited to binary representations of timber and amenities and did not get conclusive results. In this chapter, we use data from North Carolina that includes timber output and amenity indices to illustrate a method for empirically characterizing Binkley's household model.

  • Citation: Pattanayak, Subhrendu K.; Abt, Karen Lee; Holmes, Thomas P. 2003. Timber and Amenities on Nonindustrial Private Forest Land. In: Sills, Erin O.; Abt, Karen Lee, eds. Forests in a market economy. 2003. Dordrecht, The Netherlands: Kluwer Academic Publishers. p. 243-258.
  • Posted Date: April 1, 1980
  • Modified Date: August 22, 2006

    • Print Publications Are No Longer Available

    In an ongoing effort to be fiscally responsible, the Southern Research Station (SRS) will no longer produce and distribute hard copies of our publications. Many SRS publications are available at cost via the Government Printing Office (GPO). Electronic versions of publications may be downloaded, printed, and distributed.

    Publication Notes

    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
    • Our online publications are scanned and captured using Adobe Acrobat. During the capture process some typographical errors may occur. Please contact the SRS webmaster if you notice any errors which make this publication unusable.
    • To view this article, download the latest version of Adobe Acrobat Reader.