Forests are highly valuable resources providing both timber as well as many non-use values like habitat for various endangered and threatened species, carbon sequestration, and recreation, to name a few. Given that there are 765 million acres of forestland in the United States, almost 60% of which are privately owned,...
This paper examines the tradeoffs between the production of crops and habitat for juvenile salmon, through flood events, on the Yolo Bypass floodplain. I investigate how changes in the fishery management institution affect the economic returns to fish habitat.
To understand how habitat provision affects the economic surplus of the...