Restoration scientists and practitioners have recently begun to include economic and social aspects in the design and investment decisions for restoration projects. With few exceptions, ecological restoration studies that include economics focus solely on evaluating costs of restoration projects. However, economic principles, tools, and instruments can be applied to a range of other factors that affect project success. We cons...

An opportunity represents an advantageous combination of circumstances that allows goals to be achieved. We reviewed the nature of opportunity and how it manifests in different subsystems (e.g., biophysical, social, political, economic) as conceptualized in other bodies of literature, including behavior, adoption, entrepreneur, public policy, and resilience literature. We then developed a multidisciplinary conceptualization of...

Timber supply has traditionally been modeled using aggregate data, whereas individual harvest choices have been shown to be sensitive to the vintage and condition of forest capital stocks. In this article, we build aggregate supply models for four roundwood products in a seven-state region of the US South directly from stand-level harvest choice models applied to detailed forest inventories. These models allow for a more preci...

Interregional trade of roundwood products is an important factor of regional roundwood markets. Until now, regional and subregional forest sector models did not account for the spatial aspects of roundwood markets. This article explores ways to model interregional trade of roundwood products. It compares the performance of different specifications of a gravity model (the model widely used in the analysis of international trade...