What can we sell behind timber production?

Author

E Vidale, Davide Pettenella (davide.pettenella@unipd.it), P Gatto and L Secco

Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics, 23-26, issue 44

Abstract: Forest externalities represent today an emerging source of income. Carbon sequestration, biodiversity maintenance and recreation activities in mountain woodland areas are three forest services that have been a core issue in the recent political framework. However, the stiff legislative system and unclear property rights have been two mayor themes that have inhibited the implementation of payment for environmental service (PES), especially in the Italian civil law system. The paper shows the potential willingness to pay (WTP) of forest externalities generated in the in the Eastern Alps, for Veneto’s dwellers: basic information to develop any market-based mechanism to stimulate the commercialization of forest services. Using choice experiment approach, an estimation of marginal values has been assessed for each service. The results report the trade-off effect among the different use of forest externalities. Higher WTP was found on direct use-value services by sub-grouping the sample on target socio-demographic categories. Unfamiliar externalities, like biodiversity, have had irrelevant role compare to the other forest services. Finally, based on these findings a specific PES scheme on target externalities has been drafted for the alpine context.

Keywords: Agribusiness; Environmental Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
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