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dc.contributor.authorTahvonen, Olli
dc.contributor.authorRämö, Janne
dc.contributor.authorMönkkönen, Mikko
dc.date.accessioned2024-02-27T11:58:05Z
dc.date.available2024-02-27T11:58:05Z
dc.date.issued2019
dc.identifier.citationTahvonen, O., Rämö, J., & Mönkkönen, M. (2019). Economics of mixed-species forestry with ecosystem services. <i>Canadian Journal of Forest Research</i>, <i>49</i>(10), 1219-1232. <a href="https://doi.org/10.1139/cjfr-2018-0514" target="_blank">https://doi.org/10.1139/cjfr-2018-0514</a>
dc.identifier.otherCONVID_32713636
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/93688
dc.description.abstractThe Faustmann-Hartman setup is widely established for specifying the economics of forest values besides timber, but it is criticized as restrictive for capturing diversity values. We show that extending the model to cover diversity attributes, i.e., mixed species and internal heterogeneity within species, is not enough to overcome these restrictions. Additionally, it is necessary to extend forest harvesting regimes to cover thinning, continuous cover forestry, and the management of commercially useless trees. Restrictions in the Faustmann-Hartman setup are first shown analytically with optimized thinning but without tree size structures. The empirical significance of these findings is shown by a model that includes four tree species, tree size structures, an extended set of forest management activities, a detailed description of harvesting costs, and a measure for stand diversity as a key factor behind ecosystem services. We show how an optimal harvesting regime, net revenues, wood output, and stand diversity depend on model flexibility, economic parameters, and the valuation of ecosystem services. In a setup allowing flexible management regimes, the costs of reaching a specified level of ecosystem services are negligible compared with those of the Faustmann-Hartman specification.en
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherCanadian Science Publishing
dc.relation.ispartofseriesCanadian Journal of Forest Research
dc.rightsIn Copyright
dc.subject.otherHartman model
dc.subject.otherFaustmann model
dc.subject.otherforest amenities
dc.subject.othercontinuous cover forestry
dc.subject.otherforest policy
dc.subject.otherdynamic mixed-integer optimization
dc.subject.otheroptimal harvesting
dc.titleEconomics of mixed-species forestry with ecosystem services
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-202402272160
dc.contributor.laitosBio- ja ympäristötieteiden laitosfi
dc.contributor.laitosDepartment of Biological and Environmental Scienceen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.type.coarhttp://purl.org/coar/resource_type/c_2df8fbb1
dc.description.reviewstatuspeerReviewed
dc.format.pagerange1219-1232
dc.relation.issn0045-5067
dc.relation.numberinseries10
dc.relation.volume49
dc.type.versionacceptedVersion
dc.rights.copyright© Canadian Science Publishing 2019
dc.rights.accesslevelopenAccessfi
dc.subject.ysometsänhoito
dc.subject.ysometsäpolitiikka
dc.subject.ysopuunkorjuu
dc.subject.ysobiodiversiteetti
dc.subject.ysometsätalous
dc.subject.ysoharvennus
dc.subject.ysojatkuva kasvatus
dc.subject.ysoekosysteemipalvelut
dc.subject.ysooptimointi
dc.format.contentfulltext
jyx.subject.urihttp://www.yso.fi/onto/yso/p7534
jyx.subject.urihttp://www.yso.fi/onto/yso/p11339
jyx.subject.urihttp://www.yso.fi/onto/yso/p14735
jyx.subject.urihttp://www.yso.fi/onto/yso/p5496
jyx.subject.urihttp://www.yso.fi/onto/yso/p1861
jyx.subject.urihttp://www.yso.fi/onto/yso/p6072
jyx.subject.urihttp://www.yso.fi/onto/yso/p24914
jyx.subject.urihttp://www.yso.fi/onto/yso/p24628
jyx.subject.urihttp://www.yso.fi/onto/yso/p13477
dc.rights.urlhttp://rightsstatements.org/page/InC/1.0/?language=en
dc.relation.doi10.1139/cjfr-2018-0514
jyx.fundinginformationOlli Tahvonen is grateful to the Finnish Academy of Sciences for financial support.
dc.type.okmA1


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