Swapping Forests to Preserve Valuable Sites: A Sketch of a Framework for Economic Evaluation

Per-Olov Johansson; Bengt Kriström

doi:10.1561/112.00000521

Swapping Forests to Preserve Valuable Sites: A Sketch of a Framework for Economic Evaluation

Per-Olov Johansson
, Bengt Kriström

Publication: Contribution to journal › Journal article › peer-review

Abstract

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.

Original language	English
Pages (from-to)	183-200
Number of pages	18
Journal	Journal of Forest Economics
Volume	36
Issue number	3
DOIs	https://doi.org/10.1561/112.00000521
Publication status	Published - 2021

Keywords

Cost-effectiveness
cost-benefit analysis
forestry
conservation
uncertainty
risk aversion
nonuse values
key biotopes

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10.1561/112.00000521

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title = "Swapping Forests to Preserve Valuable Sites: A Sketch of a Framework for Economic Evaluation",

abstract = "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.",

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N2 - 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.

AB - 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.

KW - Cost-effectiveness

KW - cost-benefit analysis

KW - forestry

KW - conservation

KW - uncertainty

KW - risk aversion

KW - nonuse values

KW - key biotopes

KW - Cost-effectiveness

KW - cost-benefit analysis

KW - forestry

KW - conservation

KW - uncertainty

KW - risk aversion

KW - nonuse values

KW - key biotopes

UR - https://res.slu.se/id/publ/113247

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DO - 10.1561/112.00000521

M3 - Journal article

SN - 1104-6899

VL - 36

SP - 183

EP - 200

JO - Journal of Forest Economics

JF - Journal of Forest Economics

IS - 3

ER -

Swapping Forests to Preserve Valuable Sites: A Sketch of a Framework for Economic Evaluation

Abstract

Keywords

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