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Modelling Approach and Summary of Results
A Dynamic Land Use Model with Exogenous Timber Prices
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alternative land analysis analyze area of unmanaged August 1994 August biodiversity carbon sequestration comparative statics effects comparative statics results conversion of unmanaged conversion profits cultivation demand economic parameters effects of policy effort in logging elastic excessdemand external benefits forest land forest plantations forest protection forestry Hence increase deforestation intervention that increases land classes land use patterns landuse lead LEBs log export ban log prices logging costs logging of unmanaged logging profits logging unmanaged forests logging waste lower discount rate lower timber prices margin of unmanaged matrix max LPV non-timber benefits open access opportunity cost optimal effort order condition paper parameter values policy changes policy interventions present value producer price production function profit function profit maximizing land profits from logging reduce logging scenario secure property rights simulation model timber price increase timber price path timber rents trade restrictions transportation costs types of forests Umber unmanaged forest areas World Bank