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Forest Economics: How We Got Here and Where We Are Heading

Forest Economics: How We Got Here and Where We Are Heading. Western Forest Economics: How We Got Here and Where We Are Heading. EVOLUTION OF DISCUSSION TOPICS IN EARLY WFE MEETINGS BUT, WAIT, WHERE ARE WE? ATTRIBUTES OF FUTURE ECONOMICS RESEARCH.

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Forest Economics: How We Got Here and Where We Are Heading

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  1. Forest Economics: How We Got Here and Where We Are Heading

  2. Western Forest Economics: How We Got Here and Where We Are Heading EVOLUTION OF DISCUSSION TOPICS IN EARLY WFE MEETINGS BUT, WAIT, WHERE ARE WE? ATTRIBUTES OF FUTURE ECONOMICS RESEARCH

  3. D i s c u s s i o n T o p i c s a t W F Ecirca 1 9 7 0 – 7 1 • Public Land Management • Taxation of private forest land • Market models for projection and policy analysis • Optimal stand management • International trade • Production structure of the forest industry • Energy production from wood

  4. W F E A T T E N D A N C E NATIONAL FOREST PLANNING

  5. EARLY WFE TOPICS AND THEIR EVOLUTION PUBLIC LAND MANAGEMENT • OPTIMAL LAND-USE ALLOCATION IN A MULTIPLE USE CONTEXT (NOT JUST HARVEST SCHEDULING) SIMPLE ALLOCATION AND SCHEDULING LPs BENEFIT/COST ANALYSIS GOAL PROGRAMS ECHO AND PRICE ENDOGENOUS SCHEDULERS / MODELS FORPLAN MULTI-OBJECTIVE OPTIMIZERS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS OWLS PRIOPRIETARY SCHEDULERS HEURISTICS AND MEGA-LPs PRODUCTION FRONTIER / TRADE-OFF ANALYSIS BIO-DIVERSITY / HABITAT RESERVATIONS RESTORATION THINNING & BIO-FUELS DYNAMIC MARKET MODELS

  6. PUBLIC LAND MANAGEMENT, cont’d 2) TIMBER SALE ECONOMICS TIMBER SALE BIDDING BEHAVIOR GAS AND OIL LEASE BIDDING 3) DEPENDENT AND RURAL ECONOMIES STRATEGIES TO ENHANCE VIABILITY OF RURAL ECONOMIES STRUCTURE OF RURAL ECONOMIES EVEN-FLOW DEBATE 4) ALASKA 5) FIRE MANAGEMENT SUPPRESSION IN A MULTI-RESOURCE / MULTI-VALUE CONTEXT EFFICIENT SUPPRESSION LEAST COST + LOSS 6) EFFICIENCY OF PUBLIC MANAGEMENT INCENTIVES FOR PUBLIC FIRE MANAGERS PRIVATIZATION (STROUP AND BADEN)

  7. TAXATION OF PRIVATE FOREST LAND SHIFTS FROM AD VALOREMTO HARVEST TAX CAPITAL GAINS TREATMENT MARKET MODELS: PROJECTION AND POLICY ANALYSIS DOMESTIC: TAMM, USFPM INTERNATIONAL: EFI-GTM, CGTM, GFPM MULTI-EQUATION, MULTI-SECTOR MODELS (MYOPIC, NON-SPATIAL) SPATIAL MODELS (MYOPIC) LINEARIZED OPTIMAL CONTRL (DYNAMIC) FASOM, REGIONAL MODELS QUASI- SPATIAL OPTIMAL CONTROL (DYNAMIC) TSM OPTIMAL STAND MANAGEMENT OPTIMAL ROTATION OPTIMAL THINNING OPTIMAL SILVICULTURAL REGIMES EFFECTS OF ECOSYSTEM SERVICES MARKETS, BIOMASS VALUES

  8. PRODUCTION STRUCTURE OF THE FOREST INDUSTRY SUPPLY-DEMAND ECONOMETRICS COST AND PROFIT FUNCTIONS STOCHASTIC PRODUCTION FRONTIERS DEA TECHNICAL PROGRESS, FACTOR SUBSTITUTION, FACTOR DEMAND INTERNATIONAL TRADE CANADIAN LUMBER DISPUTE LOG EXPORTS PRODUCT EXPORTS

  9. REAL US PETROLEUM PRICES ENERGY PRODUCTION FROM WOOD BIOMASS BIOFUELS BIO-ELECTRICITY WOOD POWERED ENERGY GENERATION

  10. SO WHERE ARE WE? • Western forest economics research is strongly influenced by federal land management policies. • In the absence of any clear (or even murky) paths forward, what studies are policy-relevant? • Is the future one of (i) local sustainable production cooperatives, (ii) special management units (like Rep. DeFazio’s BLM Trust) or (iii) a broader federal policy? • What is the link between provision of environmental services on federal lands and well-being of western non-rural populations? • Attribution with evidence • Experiments? • Why so little attention to private lands, both corporate and NIPF? • What’s happening to the processing industry? • What’s happened to the industry and resource data?

  11. PROSPECTS FOR THE FUTURE TRENDS IN PUBLIC POLICIES, MARKETS, TECHNOLOGY MORE EMPIRICAL: SPATIAL AT BROADER SCALES EXPERIMENTAL: BEHAVIOR OF ECOSYSTEM SERVICES USERS MORE FOCUSED ON MICRO-SCALE: FIRMS, OWNERS LOOSEN STRICT RATIONALITY ASSUMPTIONS IN MODELS WHO WILL BECOME FOREST ECONOMISTS? BROAD SOCIAL SCIENCE EXPOSURE IN EDUCATION ORTHODOXY VERSUS HETERODOXY MORE FOCUS ON DYNAMIC EQUILIBRIA AND ADJUSTMENT

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