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Hedonic Valuation of Timber Stands in the Great Lakes Northern Forests AgEcon
Chen, Susan Sou-I.
Forests and timber are important natural resources in the state of Michigan. Forestlands make of 53% of the total land area and the forest related industry and manufacturing sector in Michigan generate approximately $12 billion to the state’s economy. Though forestry related industry and manufacturing is a multi-billion dollar industry that affects millions of acres of land in Michigan, there have been few recently published articles regarding timber stumpage appraisal in the state particularly about the northern hardwood forests. This paper uses a hedonic timber stumpage appraisal model to calculate stumpage value for state managed forests. The model uses data from Michigan Department of Natural Resources to estimate the affect of various parameters on...
Tipo: Thesis or Dissertation Palavras-chave: Forests; Hedonics; Stand valuation; Stumpage value; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q23 Forestry; Q51 Valuation of Environmental Effects.
Ano: 2010 URL: http://purl.umn.edu/98072
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