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| Sedjo, Roger A.; Sohngen, Brent. |
| Forestry has been considered to have potential in reducing the atmospheric concentration of carbon dioxide by sequestrating carbon in above-ground timber and below-ground roots and soil. This potential has been noted in the Kyoto Protocol, which identified specific forestry activities for which carbon sequestration credits could be obtained. To date, a few forestry efforts have been undertaken for carbon purposes, but most of these efforts have been on a small scale. Proposals have been under discussion, however, that would result in the creation of very large areas of new forest for the purpose of offsetting some of the additional carbon that is being released into the atmosphere. Concerns are expressed, however, that large-scale sequestration operations... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Carbon; Forests; Sequestration; Leakages; Timber markets; Prices; Models; Resource /Energy Economics and Policy; Q10; Q15; Q21; Q23; Q24. |
| Ano: 2000 |
URL: http://purl.umn.edu/10778 |
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| Sohngen, Brent; Sedjo, Roger A.. |
| In this paper, we compare and contrast two types of timber models that have been used for public policy analysis. These models have been variously used to predict price, inventory and market welfare impacts under different exogenous forces that impact timber markets. The framework and theory for each model type is presented and discussed. We then thoroughly test the two model types across six potential exogenous shocks to timber markets, ranging from instantaneous demand shocks to gradual supply adjustments. Our comparison indicates that these models predict potentially important differences in timber market behavior. These differences are important to consider for those who do public policy analysis. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Timber markets; Models; Dynamic adjustment; Optimization; Resource /Energy Economics and Policy; C62; Q21; Q23. |
| Ano: 1996 |
URL: http://purl.umn.edu/10467 |
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