A micro economic analysis of a profit-sharing reforestation contract (I) A basic model and its results

Kenichi Akao*

*この研究の対応する著者

研究成果: Article査読

抄録

This paper examines the characteristics of a profit-sharing reforestation contract from the viewpoint of the efficient use of forest resources. A profit-sharing reforestation contract is defined here as a contract where a planter rents the land for some period for forest management and shares the proceeds from the sale of stumpage with the land-owner in some ratio. The planter is considered to be a public sector in the paper. Under the four assumptions; namely 1) the world is in a deterministic steady state, 2) the stumpage proceeds function is concave and increasing during the rotation periods, 3) the discount rate of the land-owner coincides with that of the planter, and 4) the externality of forests does not exist; it is shown that the rotation periods and the share rates are unique. It also is shown that the rotation period is socially optimal and coincides with one derived from thefaustmannformula.

本文言語English
ページ(範囲)185-190
ページ数6
ジャーナルNihon Ringakkai Shi/Journal of the Japanese Forestry Society
75
3
出版ステータスPublished - 1993 9 1
外部発表はい

ASJC Scopus subject areas

  • 林業

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