Lawrence W.C. Lai , K.W. Chau , Stephen N.G. Davies , Hon Chim Chiu , Frank T. Lorne
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A preliminary Coasian proposal for tree auditing via planning control of tree farms
The emergence of green consumerism has contributed to the rise of farms which hold out as tree planters for absorbing CO2. A preliminary survey of the literature on tree farms and town planning practice of Western Australia found that there is scepticism regarding the credibility of these tree farms and an absence of an information flow system that rewards the credible private tree farmers. From a Coasian neoinstitutional economic (NIE) perspective, there is therefore the potential for devising rules that can enlarge an existing market or industry. This short commentary maps the current information flow system in the tree planting industry and proposes an improved system based on voluntary disclosure of tree planting data by tree farms in the planning permission system.
期刊介绍:
Forest Policy and Economics is a leading scientific journal that publishes peer-reviewed policy and economics research relating to forests, forested landscapes, forest-related industries, and other forest-relevant land uses. It also welcomes contributions from other social sciences and humanities perspectives that make clear theoretical, conceptual and methodological contributions to the existing state-of-the-art literature on forests and related land use systems. These disciplines include, but are not limited to, sociology, anthropology, human geography, history, jurisprudence, planning, development studies, and psychology research on forests. Forest Policy and Economics is global in scope and publishes multiple article types of high scientific standard. Acceptance for publication is subject to a double-blind peer-review process.