Land markets developed rapidly in China after agricultural land tenure reforms, but not after forest reforms. We surveyed farmers in three provinces to examine the post-reform forestland markets and options to strengthen them. Using household choice experiments, we estimate land market demand and supply under alternative contractual arrangements. Our findings are consistent with the currently thin markets but also suggest that alternative institutional and contractual conditions could support broader participation in land markets. Strengthening property rights on forestland emerges as an especially effective possible policy instrument. We illustrate its predicted effects on equilibrium rental rates and market participation.
Changes in the Residual Wood Fiber Market, 2004 to 2017
this study focuses on economic conditions, changes in consumer preferences and changes in forest products preferences and demand for two time periods.
Resources Radio: Wildfires, with Matthew Wibbenmeyer
In conversation with Daniel Raimi.