Institutionenökonomische Analyse des parzellenweisen Holzverkaufs auf dem Stock am Beispiel des öffentlichen Waldes in Frankreich | Institutional economics analysis of the sale of standing timber: the example of the public forest in France

Abstract

The economic regulatory mechanisms that govern the sale of standing timber in France's forests are subjected to an institutional economics analysis from the perspective of the seller, the Office national des forêts (ONF). French forestry laws are identified as a central institutional framework. The inventory and the marketing of the plots to be cut and the way in which the timber sale contract is handled must be seen as the main controlling mechanisms. The sale of plots of standing timber can be interpreted as contract theoretical and transaction cost theoretical. It can be placed in the systematic of control structures according to Williamson and grasped in its entirety within the context of the principal-agent relationship between the ONF and timber buyers.