Research article - Peer-reviewed, 2021
Swapping Forests to Preserve Valuable Sites: A Sketch of a Framework for Economic Evaluation
Johansson, Per-Olov; Kristrom, BengtAbstract
In 2012 the Swedish Environmental Protection Agency was provided with 100,000 ha of productive forest land. The Agency swapped the land to obtain conservation-worthy forests, and these were turned into natural reserves. Conservation without reference to both benefits and cost typically results in inefficient solutions. In this paper we discuss how to select the forest stands to preserve in a cost-effective manner. We also discuss how to design a cost-benefit analysis of the swapping program. We provide several new results regarding the economics of preservation, when land swaps is a viable instrument.Keywords
Cost-effectiveness; cost-benefit analysis; forestry; conservation; uncertainty; risk aversion; nonuse values; key biotopesPublished in
Journal of Forest Economics2021, volume: 36, number: 3, pages: 183-200
Publisher: NOW PUBLISHERS INC
Authors' information
Johansson, Per-Olov
Stockholm School of Economics
Swedish University of Agricultural Sciences, Department of Forest Economics
Umeå University
UKÄ Subject classification
Forest Science
Economics
Publication Identifiers
DOI: https://doi.org/10.1561/112.00000521
URI (permanent link to this page)
https://res.slu.se/id/publ/113247