Optimal Forest Management with Carbon Sequestration Credits and Endogenous Fire Risk
使用随机动态利润最大化模型，研究森林碳封存信用如何影响面临野火风险的林分的最优管理实践，发现间伐和缩短轮伐期是降低野火风险的有效策略，而碳价格会延迟间伐和最终轮伐年龄。
We use a stochastic dynamic profit maximization model to investigate the effects of forest carbon sequestration credits on optimal forest management practices for stands facing wildfire risk. Landowners that periodically thin a stand can increase growth rates and mitigate loss of timber and carbon stocks from wildfire. Results indicate that thinning and shortening rotations are cost-effective strategies to mitigate wildfire risk. Carbon prices cause landowners to delay both their thinning treatments and the final rotation age. Thinning and extending timber rotations are thus a viable climate-change mitigation option even when stands are susceptible to risks of fire. <i></i>