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Notes: A Re-Evaluation of the Site Burden Concept When Forest Land Value is Maximized

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Comparative statics of the Faustmann (1849) forest land value model are used to analyze the site burden measure of forest tax incidence. The analysis focuses on the importance of allowing management variables to respond to forest taxation, and the results are obtained within the context of land value maximization. General results are derived by applying the Envelope Theorem and ancillary comparative statics to the Faustmann formulation. The paper defines a site burden error term that is shown to increase at an increasing rate with respect to tax rates when management decisions are assumed fixed. Graphical analysis of the timber yield tax is performed, and a specific empirical example of the yield tax, using planting density and rotation age as management variables, demonstrates that site burden error is not necessarily trivial. Forest Sci. 32:511-516.
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Keywords: Faustmann formulation; taxation; timber yield tax

Document Type: Miscellaneous

Affiliations: Principal Economist, Rocky Mountain Forest and Range Experiment Station, USDA Forest Service, Fort Collins, CO 80523

Publication date: 1986-06-01

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    Forest Science is a peer-reviewed journal publishing fundamental and applied research that explores all aspects of natural and social sciences as they apply to the function and management of the forested ecosystems of the world. Topics include silviculture, forest management, biometrics, economics, entomology & pathology, fire & fuels management, forest ecology, genetics & tree improvement, geospatial technologies, harvesting & utilization, landscape ecology, operations research, forest policy, physiology, recreation, social sciences, soils & hydrology, and wildlife management.
    Forest Science is published bimonthly in February, April, June, August, October, and December.

    2016 Impact Factor: 1.782 (Rank 17/64 in forestry)

    Average time from submission to first decision: 62.5 days*
    June 1, 2016 to Feb. 28, 2017

    Also published by SAF:
    Journal of Forestry
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