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Provedor de dados:  Inra
País:  France
Título:  A dynamic approach of forest owner self-insurance behavior in risky forest management: saving versus sylvicultural practices
Une approche dynamique du comportement d'auto-assurance des propriétaires forestiers dans la gestion forestière risquée : épargne contre pratiques sylvicoles
Autores:  Brunette, M.
Couture, S.
Langlais, E.
SCSE, Société Canadienne de Science Économique (CAN)
EALE, European Association of Law and Economics (GBR)
Geneva Association (CHE)
AT.IN.E.R., Athens Institute for Education and Research, The Economics Research Unit (GRC)
Data:  2007
Ano:  2007
Palavras-chave:  AUTO-ASSURANCE RISK
Resumo:  The objective of this article is to study the forest owner’s coverage strategies in the presence of natural hazards. We develop a theoretical model which considers two periods. In this model, the private forest owner can either save a part of his/her income in order to take precautions against natural hazards or adopt sylvicultural practices. Thus we want to compare a financial prevention tool with a physical one. Our analysis also consider the non-profit services provided by the forest. We produce several comparative static analysis especially on initial wealth, on initial forest stock and on timber prices. We show that, under some assumptions, accumulation of savings and sylvicultural practices may be seen as perfectly substitutable for the forest owners. Wealso show that this potential substitutability do not imply that the two hedging tools act in the same way on the forest owners behaviour and do not involve that the forest owners react to some given shocks in the economy by the same decisions.
Tipo:  Meeting Paper
Idioma:  Inglês
Formato:  application/pdf
Fonte:  47. Congrès annuel de la Société Canadienne de Science Economique ; 2007/05/16-17 ; Québec (CAN) 12. Joint Seminar of the EALE and The Geneva Association ; 2007/06/15-16 ; Lecce (ITA) 2. International Symposium on Economic Theory, Policy and Applications ; 2007/08/06-09 ; Athènes (GRC)

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