Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2019.03.016 |
Endogenous time preferences of forest goods and community-based forest management | |
Kumar, Pradeep; Kant, Shashi | |
2019-09-01 | |
发表期刊 | ECOLOGICAL ECONOMICS
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ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2019 |
卷号 | 163页码:205-214 |
文章类型 | Article |
语种 | 英语 |
国家 | Canada |
英文摘要 | In the economic analysis of CBFM, people's discount rates are assumed exogenous and same for all goods. We examined the validity of this assumption by eliciting the discount rates of households for grass, timber, fuelwood and money, and analyzed the impacts of various personal and economic factors on households' discount rates. We found that time preferences are endogenous and good-specific. A good proportion of households have infinite discount rates for forest goods. The mean values of monthly discount rates, for households that indicated finite discount rates, are 0.67 for timber, 6.83 for fuelwood, 55.49 for grass, and 3.47 for money. The availability of alternative sources and current consumption of the forest goods are two main determinants of a household's discount rates. The study provides many useful insights for the design and implementation of CBFM programs: the concept of "mental accounting" should be used for economic analyses of CBFM programs, different management strategies should be adopted for different forest goods, and alternative sources should be provided to meet the current needs of the households. |
英文关键词 | Community-based forest management Discount rate Endogenous time preference Forest goods Good-specific time preference Hyperbolic discount rate |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000474329600021 |
WOS关键词 | DELAYED HYPOTHETICAL MONEY ; DISCOUNT RATES ; UTILITY MODEL ; DECISIONS ; BEHAVIOR ; PRIVATE |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/186430 |
专题 | 资源环境科学 |
作者单位 | Univ Toronto, Fac Forestry, Toronto, ON, Canada |
推荐引用方式 GB/T 7714 | Kumar, Pradeep,Kant, Shashi. Endogenous time preferences of forest goods and community-based forest management[J]. ECOLOGICAL ECONOMICS,2019,163:205-214. |
APA | Kumar, Pradeep,&Kant, Shashi.(2019).Endogenous time preferences of forest goods and community-based forest management.ECOLOGICAL ECONOMICS,163,205-214. |
MLA | Kumar, Pradeep,et al."Endogenous time preferences of forest goods and community-based forest management".ECOLOGICAL ECONOMICS 163(2019):205-214. |
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