Skip to main content

Non-industrial Private Forest Owners' Risk Preferences

Buy Article:

$63.00 plus tax (Refund Policy)

A set of hypotheses was formulated on the basis of available knowledge about non-industrial private forest (NIPF) owners' risk preferences. The empirical material used for testing the hypotheses was gathered in telephone interviews with 130 randomly selected NIPF owners. The results confirm that direct economic risks such as price and cost changes are seen by this group as much more important than indirect economic risks such as biological damage. The forest owners regarded forest holdings as a safer investment than stocks or bank savings. The results on risk attitudes were ambiguous. However, when larger amounts of money were at stake, the forest owners could be considered risk averters and a decrease in absolute and relative risk aversion could be confirmed.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Data/Media
No Metrics

Keywords: DIRECT AND INDIRECT ECONOMIC RISKS; ECONOMIC SITUATION; INVESTMEN ALTERNATIVES; RISK ATTITUDE; RISK AVERSION

Document Type: Research Article

Affiliations: 1: The Swedish University of Agricultural Sciences , Department of Forest Economics, S-901 83 Umeå, Sweden 2: Malma Backe 1D, S-756 47 Uppsala, Sweden

Publication date: 2000-12-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more