Growing pressures on timber resources and increasing environmental awareness have generated the need to comprehensively analyze forest management in Fujian Province, China. Fujian is the most heavily forested province in China and experiences an unprecedented property rights reform and changes in investment in forestry by rights holders. This paper focuses on the net present value (NPV) and the internal rate of return (IRR) for projected financial performance of plantation management for five species in Fujian.

This research examines the effect of risk and time preferences on forest management responses to forest tenure land reforms in Fujian, China that began in 2002. The different extent of the reform and its different timing across regions provide a natural experiment to test how time and risk preferences affect a households’ forest investment response to the reform.

Wind power generation is growing rapidly in the United States, doubling nearly every three years since 1998. Yet, wind is an open access resource, and past experiences with open access resources suggest that tragedies of the commons may occur. While the engineering literature has focused on turbine siting within a wind farm to maximize profits and minimize interaction effects, the economics literature has overlooked interaction effects between windfarms. We provide a qualitative framework for measuring wake externalities and use simulation modeling to determine their magnitude.

This manuscript examines the member-agricultural cooperative relationship from the point of view of the agency and the property rights theories. The sample analysed includes 277 personal surveys completed by members of agricultural cooperatives in the Region of Murcia (Spain). Results show that in all questions related to objectives and level of satisfaction, members value them with an average of 6.9 out of 10 or higher in all cases.

The Indonesian economic quarterly reports on and synthesizes the past three months' key developments in Indonesia's economy. Its coverage ranges from the macro economy to financial markets to indicators of human welfare and development. It is intended for a wide audience, including policy makers, business leaders, and financial market participants, and the community of analysts and professionals engaged in Indonesia's evolving economy.

Women’s participation in decision making at the user-group level and in forest committees has been demonstrated to have a positive impact on forest sustainability. For example, women’s participation enhances forest regeneration and reduces illegal harvesting through improved monitoring. Their presence in forest user groups increases the groups’ capacity to manage and resolve conflicts, which in turn increases the likelihood that resource users will comply with and respect harvesting and use rules.

Legal institutions are critical for the development of market-based economies. This paper defines legal institutions and discusses different indicators to measure their quality and efficiency. It surveys a large historical and empirical literature showing the importance of legal institutions in explaining cross-country variation in economic development. Finally, it presents and discusses three different views of why we can observe the large cross-country variation in legal institutions, the social conflict, the legal origin and the culture and religion hypotheses.