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Journal of Agricultural and Resource Economics >
Volume 21, Number 02, December 1996 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/31026
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| Title: | A NOTE ON HIGH DISCOUNT RATES AND DEPLETION OF PRIMARY FORESTS |
| Authors: | Bulte, Erwin H.
van Soest, Daan P. |
| Issue Date: | 1996-12 |
| Abstract: | Conventional wisdom implies that high discount rates accelerate depletion of tropical forests. As shown in this article, this result does not necessarily hold in a two-state variable model that distinguishes between primary and secondary forest stocks. In the context of a fixed concession period and imperfect government control, logging of primary forests may be both accelerated and depressed as discount rates increase. |
| URI: | http://purl.umn.edu/31026 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 21, Number 02, December 1996 |
| Total Pages: | 10 |
| Language: | English |
| From Page: | 341 |
| To Page: | 350 |
| Collections: | Volume 21, Number 02, December 1996
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| 21020341.pdf | 636Kb | PDF | View/Open |
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