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An Analysis Of Common Forest Management Practices For Carbon Sequestration In South Carolina, Lucas Clay, Marzieh Motallebi, Bo Song
An Analysis Of Common Forest Management Practices For Carbon Sequestration In South Carolina, Lucas Clay, Marzieh Motallebi, Bo Song
Publications
South Carolina (SC) has a variety of different forest types, and they all have potential to sequester a certain amount of carbon. Private forest landowners control a significant portion of the overall forestland in SC, and their management efforts can maintain or improve forest carbon stocks. Currently, the second largest carbon market in the world is the California Carbon Market, which gives a monetary value to sequestered carbon. One carbon credit is equal to one metric ton of carbon and is currently worth around $15.00. Forest management plans are geared toward increasing carbon sequestration over time. This study aims to …
Evaluating Myopic Loss Aversion Of Forestland Owners, Mustapha Alhassan, Marzieh Motallebi
Evaluating Myopic Loss Aversion Of Forestland Owners, Mustapha Alhassan, Marzieh Motallebi
Publications
Attracting forestland owners to participate in carbon markets can be challenging for several reasons including offset price volatility, legislative uncertainties, high costs of offset project development, long contract lengths, and landowners’ risk preferences. In this article, we elicit risk preferences and investigate Myopic Loss Aversion (MLA) of forestland owners using an economic experiment. The economic experiment is a betting game and we find that forestland owners exhibit MLA because they bet higher when returns from their investments are evaluated less frequently. Our results provide valuable information for developing carbon market protocols, especially in setting optimal evaluation periods of forest carbon …