Research Reports
A Study of Compensation Structure on Forestry Sector as a Public Good
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AuthorSin, Youngkwang
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Publication Date2006.11.01
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Original
Other than producing lumber, forest has the function of purifying air, reserving water, preserving health, and providing recreational opportunities. Due to the character of public good, forest can't be evaluated in market, and further, has a possibility of market failure. To prevent market failure, it is necessary to support the function of forest with appropriate incentives.
The purpose of this study is to explain related theory of forest as a public good, and suggest policy options of adequate compensation for forest owners.
This study explains theories and considerations of compensating social benefit of forest, and point out the necessity of compensating policy in the chapter two.
Chapter three provides case study of compensation for social benefit.
Chapter four considers possible approaches to compensate social benefit of forest using survey outcomes.
Finally, this study suggests the direction of policy option on compensation and support structure.
Researchers: Shin Yong-Kwang, Chang Cheol-Su
E-mail address: ykshin22@krei.re.kr
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