Sustainable forestry: Timber bequests, future generations and optimal tax policy

Environmental and Resource Economics

Volumn 12, Issue 3, 1998, Pages 255-273

  Ollikainen, Markku ^a  

^a UNIVERSITY OF HELSINKI   (Finland)

Author keywords

Forest taxation; Sustainable development; Timber bequest

Indexed keywords

INDUSTRIAL ECONOMICS; PRODUCTIVITY; PUBLIC POLICY; SUSTAINABLE DEVELOPMENT; TAXATION;

FOREST TAXATION; INHERITANCE TAXES; TIMBER BEQUESTS;

FORESTRY;

EID: 0032422723     PISSN: 09246460     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1008243506401     Document Type: Article

References (29)

1. Abel, A. (1985), 'Bequests and Social Security with Uncertain Lifetimes', American Economic Review 75, 777-791.
2. Amacher, G. S. and R. J. Brazee (1997), 'Designing Forest Taxes with Varying Government Preferences and Budget Targets', Journal of Environmental Economics and Management 32, 323-340.
3. Amacher, G. S., R. Brazee, E. Koskela and M. Ollikainen (1997), Forest Taxation, Bequest, and Short and Long Run Timber Supplies: An Overlapping Generations Problem. University of Helsinki, Department of Economics, Discussion Papers No. 415, pp.6.
4. Barro, R. J. (1974), 'Are Government Bonds Net Wealth?', Journal of Political Economy 82, 1095-1130.
5. Becker, G. S. (1974), 'A Theory of Social Interactions', Journal of Political Economy 82, 1063-1094.
6. Blinder, A. (1973), 'A Model of Inherited Wealth', Quarterly Journal of Economics 87, 608-626.
7. Brundtland, G. H. (1987), Our Common Future, Oxford: Oxford University Press.
8. Carlen, O. (1990), 'Private Nonindustrial Forest Owner's Management Behavior. An Economic Analysis Based on Empirical Data', Swedish University of Agricultural Sciences. Department of Forest Economics, Report 92.
9. Carmichael, J. (1982), 'On Barro's Theorem of Debt Neutrality: The Irrelevance of Net Wealth', American Economic Review 72, 202-213.
10. Dennis, D. (1990), 'A Probit Analysis of the Harvest Decision Using Pooled Time-Series and Cross-Sectional Data', Journal of Environmental Economics and Management 18, 176-187.
11. Howarth, R. B. and R. B. Norgaard (1990), 'Intergenerational Resource Rights, Efficiency and Social Optimality', Land Economics 66, 1-11.
12. Howarth, R. B. and R. B. Norgaard (1995), 'Intergenerational Choices under Global Environmental Change', in D. Bromley, ed., The Handbook of Environmental Economics, Oxford & Cambridge MA: Basil Blackwell.
13. Hultkranz, L. (1993), 'Forest Policy and the Bequest Motive', Journal of Environmental Economics and Management 22, 164-177.
14. Johansson, P-E. and K-G. Löfgren (1985), The Economics of Forestry and Natural Resources, Oxford: Basil Blackwell.
15. Kemp, M. C. and N. van Long (1979), 'The Under-Exploitation of Natural Resources: A Model with Overlapping Generations', Economic Record 55, 214-221.
16. King, M. A. (1980), 'Savings and Taxation', in G. A. Hughes and G. M. Heal, eds., Public Policy and the Tax System, London: George Allen & Unwin.
17. Koskela, E. and M. Ollikainen (1997a), 'Optimal Design of Forest Taxation with Multiple-Use Characteristics of Forest Stands', Environmental & Resources Economics 10, 41-62.
18. Koskela, E. and M. Ollikainen (1997b), 'Optimal Design of Forest and Capital Income Taxation in an Economy with an Austrian Sector', Journal of Forest Economics 3, 107-132.
19. Kotlikoff, L. J. (1998), 'Intergenerational Transfers and Savings', Journal of Economic Perspectives 2, 41-58.
20. Kovenock, D. J. (1986), 'Property and Income Taxation in an Economy with an Austrian Sector', Land Economics 62, 201-209.
21. Kovenock, D. J. and M. Rothschild (1983), 'Capital Gains Taxation in an Economy with an Austrian Sector', Journal of Public Economics 21, 215-256.
22. Kuuluvainen, J. (1989), 'Nonindustrial Private Timber Supply and Credit Rationing. Microeconomic Foundations with Empirical Evidence from the Finnish Case', Swedish University of Agricultural Science, Department of Economics. Report No. 85.
23. Loikkanen, H., J. Kuuluvainen and J. Salo (1986), 'Timber Supply of Private Nonindustrial Forest Owners: Evidence from Finland', University of Helsinki, Department of Economics. Research Report No. 50.
24. Löfgren, K.-G. (1991), 'Another Reconciliation Between Economists and Forestry Experts: OLG-Arguments', Environmental and Resource Economics 1, 83-96.
25. Montgomery, C. A. and D. M. Adams (1995), 'Optimal Timber Management Policies', in D. Bromley, ed., The Handbook of Environmental Economics, Oxford and Cambridge MA: Basil Blackwell.
26. Mourmouras, A. (1991), 'Competitive Equilibria and Sustainable Growth in a Life-Cycle Model with Natural Resources', Scandinavian Journal of Economics 93, 585-591.
27. Mourmouras, A. (1993), 'Conservationist Government Policies and Intergenerational Equity in an Overlapping Generations Model with Renewable Resources', Journal of Public Economics 51, 249-268.
28. Sandmo, A. (1985), 'The Effects of Taxation on Savings and Risk Taking', in A. J. Auerbach and M. Feldstein, eds., Handbook of Public Economics. Vol. 1. Elsevier Science Publishers.
29. Yaari, M. E. (1965), 'Uncertain Lifetime, Life Insurance, and the Theory of the Consumer', Review of Economic Studies 32, 137-150.