A1 Journal article (refereed)
Economics of mixed-species forestry with ecosystem services (2019)


Tahvonen, O., Rämö, J., & Mönkkönen, M. (2019). Economics of mixed-species forestry with ecosystem services. Canadian Journal of Forest Research, 49(10), 1219-1232. https://doi.org/10.1139/cjfr-2018-0514


JYU authors or editors


Publication details

All authors or editorsTahvonen, Olli; Rämö, Janne; Mönkkönen, Mikko

Journal or seriesCanadian Journal of Forest Research

ISSN0045-5067

eISSN1208-6037

Publication year2019

Volume49

Issue number10

Pages range1219-1232

PublisherCanadian Science Publishing

Publication countryCanada

Publication languageEnglish

DOIhttps://doi.org/10.1139/cjfr-2018-0514

Publication open accessNot open

Publication channel open access

Publication is parallel published (JYX)https://jyx.jyu.fi/handle/123456789/93688


Abstract

The Faustmann-Hartman setup is widely established for specifying the economics of forest values besides timber, but it is criticized as restrictive for capturing diversity values. We show that extending the model to cover diversity attributes, i.e., mixed species and internal heterogeneity within species, is not enough to overcome these restrictions. Additionally, it is necessary to extend forest harvesting regimes to cover thinning, continuous cover forestry, and the management of commercially useless trees. Restrictions in the Faustmann-Hartman setup are first shown analytically with optimized thinning but without tree size structures. The empirical significance of these findings is shown by a model that includes four tree species, tree size structures, an extended set of forest management activities, a detailed description of harvesting costs, and a measure for stand diversity as a key factor behind ecosystem services. We show how an optimal harvesting regime, net revenues, wood output, and stand diversity depend on model flexibility, economic parameters, and the valuation of ecosystem services. In a setup allowing flexible management regimes, the costs of reaching a specified level of ecosystem services are negligible compared with those of the Faustmann-Hartman specification.


Keywordsforestrysilviculturethinning (forestry)timber harvestingselection system (forest cultivation)forest policyecosystem servicesbiodiversityoptimisation

Free keywordsHartman model; Faustmann model; forest amenities; continuous cover forestry; forest policy; dynamic mixed-integer optimization; optimal harvesting


Contributing organizations


Ministry reportingYes

Reporting Year2019

JUFO rating3


Last updated on 2024-27-02 at 13:58