2013 Fiscal Year Final Research Report
The optimal management policy of natural capital
| Project/Area Number |
23730258
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Applied economics
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| Research Institution | Kinki University |
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Principal Investigator |
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| Project Period (FY) |
2011 – 2013
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| Keywords | 応用経済学 / 環境経済学 / コモンズ / 自然資本 / 結合生産 |
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| Research Abstract |
It is appropriate to explain forestry industry with the joint production model as the forestry industry produces multiple products. The rate of income from timber is alomost 30-40 %. There are many examples to monetize ecosystem services other than timber production. On the other hand, consumers have low willingness to pay for wood products according to the survey of wood product market.
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