<?xml version='1.0' encoding='UTF-8'?><xml><records><record><source-app name="HighWire" version="7.x">Drupal-HighWire</source-app><ref-type name="Journal Article">17</ref-type><contributors><authors><author><style face="normal" font="default" size="100%">Daigneault, Adam J.</style></author><author><style face="normal" font="default" size="100%">Miranda, Mario J.</style></author><author><style face="normal" font="default" size="100%">Sohngen, Brent</style></author></authors><secondary-authors></secondary-authors></contributors><titles><title><style face="normal" font="default" size="100%">Optimal Forest Management with Carbon Sequestration Credits and Endogenous Fire Risk</style></title><secondary-title><style face="normal" font="default" size="100%">Land Economics</style></secondary-title></titles><dates><year><style  face="normal" font="default" size="100%">2010</style></year><pub-dates><date><style  face="normal" font="default" size="100%">2010-02-01 00:00:00</style></date></pub-dates></dates><pages><style  face="normal" font="default" size="100%">155-172</style></pages><doi><style  face="normal" font="default" size="100%">10.3368/le.86.1.155</style></doi><volume><style face="normal" font="default" size="100%">86</style></volume><issue><style face="normal" font="default" size="100%">1</style></issue><abstract><style  face="normal" font="default" size="100%">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. (JEL Q23, Q54)</style></abstract></record></records></xml>