Research

Our research community in Agricultural, Environmental and Resource Economics includes over thirty members from professors to master's level students working together on different topics that all highlight the policy-relevance of economic research at the University of Helsinki. The staff members are active researchers in their fields and teach courses close to their research topics. This means that we are able to discuss the state-of-the-art research results with you and can recruit you to our research community, projects and networks even before your graduation.

In Environmental and Resource Economics study track you have to possibility to deepend your understanding on environmental and resource economics by following our Research track. The aim of this subtrack is to strengthen your substance and methodological skills to allow the possibility to advance faster during the post-graduate studies and to become a part of the Environmental and Resource Economics research community at the University of Helsinki.

Baltic Sea protection

We study economics, policies and governance related to the management and protection of marine resources in the Baltic Sea. Our approach is problem-oriented: we aim at elaborating cost-effective and doable solutions to marine pollution and consumption to safeguard sustained provision of marine ecosystem services also for the future generations. The topics include combatting eutrophication, management of fish stocks, and prevention of environmental hazards. Ongoing projects include:

  • Wellbeing from the Baltic Sea – applications combining natural science and economics (BONUS BalticAPP)
  • Coherent policies and governance of the Baltic Sea ecosystems (BONUS GO4Baltic)
  • Fisheries management: MARine MAnagement and Ecosystem Dynamics under Climate Change (MARmaED)

Main researcher: Professor Kari Hyytiäinen

Economics of natural resources

In this field we develop the economics of natural resources. The emphasis is in empirical and theoretical dynamic models for renewable resources, especially for forests, fisheries and reindeer populations. For further information, see

Economic-Ecological Optimization Group

Main researcher: Professor Olli Tahvonen

International fisheries agreements

In this study field we examine how international fisheries agreements can be made stable in the long-run. We mainly apply coalition games (e.g. partition function games) to compute equilibrium cooperation structures. We take into account strategic interaction of different levels of decision making, international (country level) and national (fisher level). Stability of cooperation is an important field of study since it will improve both the economic benefits received from fishery and fish stock levels. Ongoing projects include:

  • Fisheries management: MARine MAnagement and Ecosystem Dynamics under Climate Change (MARmaED)

Fisheries Research Group

Main researcher: Dr. Marko Lindroos

Climate and energy

Environmental Economics Group

Main researcher: Professor Markku Ollikainen

Biodiversity offsets

Environmental Economics Group

Main researcher: Professor Markku Ollikainen

Agri-environmental policy

Environmental Economics Group

Main researcher: Professor Markku Ollikainen

Agricultural, rural and food policy

This study field examines policies for agriculture, food and rural areas. Particular emphasis is placed on the common EU policies and to issues related to the trade of agricultural goods within a rapidly globalizing world. The evolution of EU agriculture into a single market economy has now been largely achieved despite the adverse influence of several forces that include the expansion of agricultural production beyond consumption, EU enlargements, budgetary limits, WTO constraints, environmental concerns and the objectives of the Member States to maintain the level of support. However, new challenges have arisen. The price upheaval of the 2007-2008 and 2010-2012 periods (a type of food crisis), although transitory, indicated that agricultural and commodity markets may be entering a new era of high price volatility and uncertainty. Furthermore, the subsequent financial, economic crisis has created a significant slowdown in the world economy also affecting national and international agricultural markets, inducing the formulation of more cost saving EU agricultural policies in the future and the switching to more protective international trade policies.

The research group of this field is involved in several projects and studies. For example, studies examining the effects of the removal of milk quotas and the Russian embargo on the Finnish dairy market. International projects examining price relations along EU food markets and projects studying farm price transmission and volatility of primary agricultural products across significant world markets (e.g., European, North and South American, Asian and Oceania). Finally, studies examining the relationship between international agricultural commodity prices, crude oil prices, and US exchange rates.

Main researcher: Professor Antonios Rezitis

Agricultural and food markets

The primary focus of this field is upon price analysis, market structure and performance of the agricultural and food markets. Understanding agricultural prices and markets includes the examination of issues related to price seasonality, market adjustments, marketing margins, derived demand, supply-and-demand analysis, and equilibrium displacement models. Also, issues related to market structure and performances are analyzed based on Structure-Conduct-Performance approaches, New Industrial Organization (NEIO) approaches and on benchmarking using Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) methods. The examination of market structure also provides useful information about possible imbalances in bargaining power among the main participants in the food supply chain (e.g., farmers, processors, retailers) with significant welfare and policy implication for the agricultural and food markets. The use of econometric methods is very critical in analyzing prices and the structure and performance of agricultural and food markets.

The research group of this field is involved in several projects and studies. For example, projects examining asymmetric price transmission and volatility along the Finnish dairy and meat supply chains and identifying potential factors contributing to price transmission and volatility asymmetry. Projects investigating Finnish milk and meat supply responses to the corresponding milk and meat price volatility. Studies measuring market power in a bilateral oligopoly framework in the Finnish dairy and meat sectors and studies analyzing market structure of the Finnish food processing industry.

Main researcher: Professor Antonios Rezitis

International peer-reviewed journal articles:

[1] Sinha, Rämö, Malo, Kallio, and Tahvonen. “Optimal management of naturally regenerating uneven-aged forests”. In: European Journal of Operational Research 256 (2017), 886–900.

[2] Antturi, Ollikainen, Hännen, Jalkanen, Johansson, Prank, and Sofiev. “Costs and benefits of low-sulphur fuel standard for Baltic Sea shipping”. In: Journal of Environmental Management (2016). Accepted.

[3] Chen, Bäckman, and Sumelius. “Nitrogen Use and the Integration of Environmental Concerns into Production”. In: International Journal of Agricultural Resources, Governance and Ecology 12 (2016), 53–76.

[4] Chouayet and Rezitis. “Price Transmission along the European Food Supply Chain in Selected Northern-Southern Countries”. In: International Journal of Food and Beverage Manufacturing and Business Models 1 (2016), 31–48.

[5] Iho, Ahtiainen, Artell, Heikinheimo, Kauppila, Kosenius, Laukkanen, Lindroos, Oinonen, Ollikka, Parkkila, Pavlova, Peltonen, Pouta, and Uusitalo. “The Role of Fisheries in Optimal Eutrophication Management”. In: Water Resource Economics and Policy (2016). In press.

[6] Lappi. “The Welfare Ranking of Prices and Quantities under Noncompliance”. In: International Tax and Public Finance 23 (2016), 269–288.

[7] Liu, Lindroos, and Sandal. “Sharing a Fish StockWhen Distribution and Harvest Costs are Density Dependent”. In: Environmental and Resource Economics 3 (2016), 665–686.

[8] Nieminen, Hyytiäinen, and Lindroos. “Economic and policy considerations regarding hydropower and migratory fish”. In: Fish and Fisheries (2016). In press.

[9] Nieminen, Kronbak, and Lindroos. “International Agreements of the Multispecies Baltic Sea Fisheries”. In: Environmental and Resource Economics (2016). In press.

[10] Oinonen, Hyytiäinen, Salojärvi, Ahlvik, Virtanen, Laamanen, and Lehtoranta. “Cost-effective marine protection – a pragmatic approach”. In: PloS ONE (2016).

[11] Oinonen, Levontin, Parkkila, Nieminen, Pulkkinen, Romakkaniemi, Pintassilgo, Kronbak, Laukkanen, and Lindroos. “International fisheries management and recreational benefits: the case of the Baltic salmon”. In: Marine Resource Economics (2016). In press.

[12] Oinonen, Börger, Hynes, Buchs, Heiskanen, Hyytiäinen, Luisetti, and van der Veeren. “The Role of Economics in Ecosystem Based Management: The Case of the EU Marine Strategy Framework Directive; First Lessons Learnt and Way Forward”. In: Journal of Ocean and Coastal Economics 2 (2016).

[13] Ollikainen. “Forest management, public goods, and optimal policies”. In: Annual Review of Resource Economics 8 (2016), 207–226.

[14] Quaas, Reusch, Schmidt, Tahvonen, and R. “It is the economy, stupid! Projecting the fate of fish populations using ecological-economic modeling”. In: Global Change Biology 22 (2016), 264–270.

[15] Rämö and Tahvonen. “Optimizing the Harvest Timing in Continuous Cover Forestry”. In: Environmental and Resource Economics (2016). In press.

[16] Rezitis and Ahammad. “Investigating the interdependency of agricultural production volatility spillovers between Bangladesh, India, and Pakistan”. In: Review of Urban & Regional Development Studies 28 (2016), 32–54.

[17] Rezitis and Kalantzi. “Evaluating the State of Competition and the Welfare Losses in the Greek Manufacturing Sector: An Extended Hall-Roeger Approach”. In: Empirical Economics 50 (2016), 1275–1302.

[18] Rezitis and Kalantzi. “Investigating Technical Efficiency and Its Determinants by Data Envelopment Analysis: An Application in the Greek Food and Beverages Manufacturing Industry”. In: Agribusiness: An International Journal 32 (2016), 254–271.

[19] Rezitis and Pachis. “Investigating the Price Transmission of Greek Fresh Potatoes, Tomatoes, and Cucumbers Markets”. In: Journal of Agricultural & Food Industrial Organization 14 (2016), 91–108.

[20] Scharin, Ericsdotter, Elliott, Turner, Niiranen, Rockström, Blenckner, Hyytiäinen, Ahlvik, Ahtiainen, Artell, Hasselström, and Söderqvist. “Processes for a sustainable stewardship of marine environments”. In: Ecological Economics 128 (2016), 55–67.

[21] Tahvonen. “Economics of rotation and thinning revisited: the optimality of clearcuts versus continuous cover forestry”. In: Forest Policy and Economics 62 (2016), 88–94.

[22] Tahvonen and Rämö. “Optimality of continuous cover vs. clearcut regimes in managing forest resources”. In: Canadian Journal of Forest Research (2016). In press.

[23] Ahlvik and Hyytiäinen. “Value of Adaptation in Water protection - Economic Impacts of Uncertain Climate Change in the Baltic Sea”. In: Ecological Economics 116 (2015), 231–240.

[24] Cao, Hyytiäinen, Hurttala, Valsta, and Vanclay. “An integrated assessment approach to optimal forest bioenergy production for young Scots pine stands”. In: Forest Ecosystems 2 (2015), 1–10.

[25] Hyytiäinen and Ahvik. “Prospects for cost-efficient water protection in the Baltic”. In: Marine Pollution Bulletin 90 (2015), 188–195.

[26] Hyytiäinen, Ahlvik, Ahtiainen, Artell, Huhtala, and Dahlbo. “Policy goals for improved water quality in the Baltic Sea: When do the benefits outweigh the costs?” In: Environmental and Resource Economics 61(2015), 217–241.

[27] Iho, Ribaudo, and Hyytiäinen. “Water Protection in the Baltic Sea and the Chesapeake Bay: Institutions, Policies and Efficiency”. In: Marine Pollution Bulletin 93 (2015), 81–93.

[28] Kosenius and Ollikainen. “Ecosystem benefits from coastal habitats - a three-country choice experiment”. In: Marine Policy 58 (2015), 15–27.

[29] Pekkarinen, Kumpula, and Tahvonen. “Reindeer management and winter pastures in the presence of supplementary feeding and government subsidies”. In: Ecological Modelling 312 (2015), 256–271.

[30] Pintassilgo, Kronbak, and Lindroos. “International Fisheries Agreements: A Game Theoretical Approach”. In: Environmental and Resource Economics 62 (2015), 689–705.

[31] Rämö and Tahvonen. “Economics of harvesting boreal uneven-aged mixed-species forests”. In: Canadian Journal of Forest Research 45 (2015), 1102–1112.

[32] Rezitis. “Empirical Analysis of Agricultural Commodity Prices, Crude Oil Prices and US Dollar Exchange Rates using Panel Data Econometric Methods”. In: International Journal of Energy Economics and Policy 5 (2015), 851–868.

[33] Rezitis. “The Relationship between Agricultural Commodity Prices, Crude Oil Prices and US Dollar Exchange Rates: A Panel VAR Approach and Causality Analysis”. In: International Review of Applied Economics 29 (2015), 403–434.

[34] Rezitis and Ahammad. “Energy Consumption and Economic Growth in South and Southeast Asian Countries: Evidence from a Dynamic Panel Data Approach”. In: International Energy Journal 15 (2015), 103–116.

[35] Rezitis and Ahammad. “Investigating Agricultural Production Relations across Bangladesh, India and Pakistan Using Vector Error Correction and Markov-Switching Models”. In: Agricultural Economics Research Review 28 (2015), 57–72.

[36] Rezitis and Ahammad. “The Relationship between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel Vector Autoregression Approach and Causality Analysis”. In: International Journal of Energy Economics and Policy 5 (2015), 704–715.

[37] Rezitis, Ntinou, and Pachis. “Investigating the International Prices of Wheat and Rice”. In: Agricultural and Food Economics 3 (2015), 1–17.

[38] Sumelius, Tenaw, Bee, and Chambo. “Agenda on Co-operatives for Development Co-operation in Tanzania”. In: Journal of Co-operative Organization and Management 3 (2015), 98–100.

[39] Tahvonen. “Economics of Naturally Regenerating, Heterogeneous Forests”. In: Journal of the Association of Environmental and Resource Economists 2 (2015), 309–337.

[40] Aatola, Ollikainen, and Ollikka. “Informational efficiency of the EU ETS market – a study of price predictability and profitable trading”. In: Journal of Environmental Economics and Policy 3 (2014), 92–123.

[41] Ahlvik, Pitkänen, Ekholm, and Hyytiäinen. “An economic-ecological model to evaluate impacts of nutrient abatement in the Baltic Sea”. In: Environmental Modelling & Software 55 (2014), 164–175.

[42] Ahtiainen, Artell, Czajkowski, Hasler, Hasselsträm, Huhtala, Meyerhoff, Smart, Söderqvist, Alemu, Angeli, Dahlbo, Fleming-Lehtinen, Hyytiäinen, Karloseva, Khaleeva, Maar, Martinsen, Nommann, Pakalniete, Oskolokaite, and Semeniene. “Benefits of meeting nutrient reduction targets for the Baltic Sea –  a contingent valuation study in the nine coastal states”. In: Journal of Environmental Economics and Policy 3 (2014).

[43] Amacher, Ollikainen, and Puhakka. “Long-Run Perspective on Renewable Resource Use and Amenity Benefits: the Case of Forestry”. In: Journal of Environmental Economics and Policy 4 (2014), 164–176.

[44] Amacher, Ollikainen, and Uusivuori. “Forest and ecosystem services: Outline for new policy options”. In: Forest Policy and Economics 47 (2014), 1–3.

[45] Ataseven and Sumelius. “The Evaluation of Agri-environmental Policies in Turkey and the European Union”. In: Fresenius Environmental Bulletin 23 (2014), 1–8.

[46] Bjørndal and Lindroos. “Non-Cooperative Management of the Northeast Atlantic Cod Fishery: A First-mover Advantage”. In: Natural Resource Modeling 27 (2014), 396–410.

[47] Chen, Sipiläinen, and Sumelius. “Assessment of Agri-Environmental Externalities at Regional Levels in Finland”. In: Sustainability 6 (2014), 3171–3191.

[48] Hautakangas, Ollikainen, Aarnos, and Rantanen. “Nutrient Abatement Potential and Abatement Costs of Waste Water Treatment Plants in the Baltic Sea Region”. In: Ambio 43 (2014), 352–360.

[49] Holma, Kulmala, and Lindroos. “The economics of conflicting interests: Northern Baltic salmon fishery adaption to grey seal abundance”. In: Natural Resource Modeling 27 (2014), 2775–299.

[50] Hyytiä. “Farm diversification and regional investments: efficient instruments for the CAP rural development targets in rural regions of Finland?” In: European Review of Agricultural Economics 41 (2014), 255–277.

[51] Hyytiä. “Rural-Urban Multiplier and Policy Effects in Finnish Rural Regions: an Inter-Regional Sam Analysis”. In: European Countryside 6 (2014), 179–201.

[52] Hyytiäinen and Huhtala. “Combating eutrophication in coastal areas at risk for oil spill”. In: Annals of Operations Research 219 (2014), 101–121.

[53] Iho, Lankoski, Ollikainen, Puustinen, and Lehtimäki. “Agri-environmental auctions for phosphorus load reduction: Experiences from a Finnish pilot”. In: Australian Journal of Agricultural and Resource Economics 58 (2014), 205–222.

[54] Juutinen, Ollikainen, Mönkkönen, Reunanen, Tikkanen, and Kouki. “Optimal contract length for biodiversity conservation under conservation budget constraint”. In: Forest Policy and Economics 47 (2014), 14–24.

[55] Lindegarth, Bergström, Mattila, Olenin, Ollikainen, Downie, Sundblad, Bucas, Gullström, Snickars, von Numers, Svensson, and Kosenius. “Testing the Potential for Predictive Modeling and Mapping and Extending Its Use as a Tool for Evaluating Management 5 Scenarios and Economic Valuation in the Baltic Sea (PREHAB)”. In: Ambio 43 (2014), 82–93.

[56] Miettinen, Ollikainen, Nieminen, Ukonmanaho, Lauren, Hynynen, Lehtonen, and Valsta. “Whole-tree harvesting with stump removal versus stemonly harvesting in peatlands when water quality, biodiversity conservation and climate change mitigation matter”. In: Forest Policy and Economics 47 (2014), 25–35.

[57] Ollikainen. “Forests in Bioeconomy - Smart Green Growth for the Humankind”. In: Scandinavian Journal of Forest Research 29 (2014), 360–366.

[58] Pihlainen, Tahvonen, and Niinimäki. “Economics of timber and bioenergy production and carbon storage in Scots pine stands”. In: Canadian Journal of Forest Research 44 (2014), 1091–1102.

[59] Pilli-Sihvola, van Oort, Hanssen-Bauer, Ollikainen, Rummukainen, and Tuomenvirta. “Communication and Use of Climate Scenarios for Climate Change Adaptation in Finland, Sweden and Norway”. In: Local Environment 20 (2014), 510–524.

[60] Rämö and Tahvonen. “Optimal harvesting of uneven-aged stands in Fennoscandia”. In: Scandinavian Journal of Forest Research 29 (2014), 777–792.

[61] Saikkonen, Ollikainen, and Lankoski. “Imported palm oil for biofuels in the EU: Profitability, greenhouse gas emissions and social welfare effects”. In: Biomass and Bioenergy 68 (2014), 7–23.

[62] Saikkonen, Herzon, Ollikainen, and Lankoski. “Socially optimal drainage system and agricultural biodiversity: A case study for Finnish landscape”. In: Journal of Environmental Management 146 (2014), 84–91.

[63] Tahvonen, Kumpula, and Pekkarinen. “Optimal harvesting of an agestructured two sex herbivore-plant system”. In: Ecological Modelling 272 (2014), 348–361.

[64] Voss, Quaas, Schmidt, Tahvonen, Lindegegren, and Moellmann. “Assessing social-ecological trade-offs to advance ecosystem-based fisheries management”. In: PloS One 9 (2014), 1–8.

[65] Aatola, Ollikainen, and Toppinen. “Impact of the Carbon Price on the Integrating European Electricity Market”. In: Energy Policy 61 (2013), 1236–1251.

[66] Aatola, Ollikainen, and Toppinen. “Price determination in the EU-ETS market: Theory and econometric analysis with market fundamental”. In: Energy Economics 36 (2013), 380–395.

[67] Ahtiainen, Artell, Czajkowski, Hasler, Hasselström, Hyytiäinen, Meyerhoff, Smart, Söderqvist, Zimmer, Khaleeva, Rastrigina, and Tuhkanen. “Public preferences regarding use and condition of the Baltic Sea – an international comparison informing marine policy”. In: Marine Policy 42 (2013), 20–30.

[68] Hansson, Ferguson, Olofson, and Rantamäki-Lahtinen. “Farmers’ motives for diversifying their farm business: the influence of family”. In: Journal of Rural Studies 32 (2013), 240–250.

[69] Helin, Hyytiäinen, Korpela, and Kuussaari. “Model for quantifying the synergies between farmland biodiversity conservation and water protection at catchment scale”. In: Journal of Environmental Management 131 (2013), 307–317.

[70] Hyytiä and Kola. “Tourism policy as a tool for rural development”. In: Applied Economic Perspectives and Policy 35 (2013), 708–730.

[71] Hyytiäinen, Lehtiniemi, Niemi, and Tikka. “An Optimization Framework for Addressing Aquatic Invasive Species”. In: Ecological Economics 91 (2013), 69–79.

[72] Juutinen, Mäntymaa, and Ollikainen. “Landowners’ conservation motives and the size of information rents in environmental bidding systems”. In: Journal of Forest Economics 19 (2013), 128–148.

[73] Kosenius and Ollikainen. “Valuation of environmental and societal tradeoffs of renewable energy sources”. In: Energy Policy 62 (2013), 1148–1156.

[74] Kronbak and Lindroos. “Allocation and sharing in international fisheries agreements”. In: Food Economics 9 (2013), 186–198.

[75] Kulmala, Levontin, Lindroos, and Pintassilgo. “Atlantic salmon fishery in the Baltic Sea – A case of trivial cooperation?” In: Strategic Behavior and the Environment 3 (2013), 121–147.

[76] Lankoski and Ollikainen. “Counterfactual approach to assessing agrienvironmental policy: The case of the Finnish water protection policy”. In: Review of Agricultural and Environmental Economics 94 (2013), 165–193.

[77] Lindroos and Munro. “Introduction to the special issue on game theory and fisheries: recent issues”. In: Strategic Behavior and the Environment 3 (2013), 1–5.

[78] Lombardini and Lankoski. “Forced Choice Restriction in Promoting Sustainable Food Consumption: Intended and Unintended Effects of the Mandatory Vegetarian Day in Helsinki Schools”. In: Journal of Consumer Policy 36 (2013), 159–178.

[79] Nyairo, Kola, and Sumelius. “Effects of Agricultural Policy Change on Maize Supply in Developing Countries: a Comparative Study of Kenya and Zambia”. In: International Journal of Agricultural and Food Research 2 (2013), 50–61.

[80] Rahikainen, Lindroos, and Kaitala. “Stability of international fisheries agreements using precautionary bioeconomic harvesting strategies”. In: Strategic Behavior and the Environment 3 (2013), 97–120.
[81] Rezitis, Gil, and Sassi. “Economics of Agricultural and Food Markets”. In: Economics Research International 2013 (2013), 1–2.

[82] Rezitis and Kalantzi. “Measuring the Degree of Market Power in the Greek Manufacturing Industry”. In: International Review of Applied Economics 27 (2013), 339–359.

[83] Rezitis and Pachis. “Investigating the Price Transmission Mechanism of the Greek Fresh Tomato Market with a Markov Switching Vector Error Correction model”. In: Agricultural Economics Review 14 (2013), 29–45.

[84] Rezitis and Sassi. “Commodity Food Prices: Review and Empirics”. In: Economics Research International 2013 (2013), 1–15.

[85] Sievänen, Sumelius, Islam, and Sell. “From struggle in responsible investment to potential to improve global environmental governance through UN PRI”. In: International Environmental Agreements: Politics, Law & Economics 13 (2013), 197–217.

[86] Tahvonen, Pihlainen, and Niinimäki. “On the economics of timber production in boreal Scots pine stands”. In: Canadian Journal of Forest Research 43 (2013), 719–730.

[87] Amacher, Ollikainen, and Koskela. “Corruption and Forest Concessions”. In: Journal of Environmental Economics and Management 63 (2012), 92–104.

[88] Bjørndal and Lindroos. “Cooperative and Non-Cooperative Management of the Northeast Atlantic Cod Fishery”. In: Journal of Bioeconomics 14 (2012), 41–60.

[89] Ervola, Lankoski, Ollikainen, and Mikkola. “Agriculture and climate change: The socially optimal production, land use and GHG emissions”. In: Food Science 9 (2012), 10–24.

[90] Islam, Sumelius, and Bäckman. “Technical Efficiency of Traditional and High Yielding Variety Rice Production: Evidence from Bangladesh”. In: Agricultural Economics Review 13 (2012), 93–100.

[91] Kuuluvainen, O, and Aakala. “Even-aged and uneven-aged forest management in boreal Fennoscandia”. In: Ambio 41 (2012), 720–737.

[92] Lappi. “Duopolists in output and permit markets: interaction and regulation”. In: Strategic Behavior and the Environment 2 (2012), 279–293.

[93] Miettinen, Hyytiäinen, and Mäkinen. “Production costs of biodiversity zones on field and forest margins: a case study in Finland”. In: Journal of Environmental Management 103 (2012), 122–132.

[94] Miettinen, Ollikainen, Finer, Koivusalo, Lauren, and Valsta. “Diffuse load management with biodiversity co-benefits: the optimal rotation age and buffer zone size”. In: Forest Science 58 (2012), 342–352.

[95] Nieminen, Lindroos, and Heikinheimo. “Optimal bioeconomic multispecies fisheries management: A Baltic Sea case study”. In: Marine Resource Economics 27 (2012), 115–136.

[96] Niinimäki, Tahvonen, Mäkelä, and Linkosalo. “On the economics of Norway spruce stands and carbon storages”. In: Canadian Journal of Forest Research 43 (2012), 637–648.

[97] Rantamäki-Lahtinen and Väre. “Strategic objectives and development plans of beginning farmers”. In: Agricultural and Food Science 4 (2012), 430–439.

[98] Rezitis. “Modeling and Decomposing Price Volatility in the Greek Meat Market”. In: International Journal of Computational Economics and Econometrics 2 (2012), 197–222.

[99] Rezitis and Kalantzi. “Assessing Competitive Conditions and Welfare Losses in the Greek Food and Beverages Manufacturing Industry: An Extended Hall-Roeger Approach”. In: Economics Bulletin 32 (2012), 1413–1427.

[100] Rezitis and Kalantzi. “Investigating Market Structure of the Greek Food and Beverages Manufacturing Industry: A Hall-Roeger Approach”. In: Agricultural Economics Review 13 (2012), 49–64.

[101] Rezitis and Kalantzi. “Measuring Market Power and Welfare Losses in the Greek Food and Beverages Manufacturing Industry”. In: Journal of Agricultural & Food Industrial Organization 10 (2012), 1–31.

[102] Rezitis and Stavropoulos. “Greek Meat Supply Response and Price Volatility in a Rational Expectations Framework: AMultivariate GARCH Approach”. In: European Review of Agricultural Economics 39 (2012), 309–333.

[103] Tahvonen, Quaas, Schmidt, and Voss. “Optimal harvesting of age-structured schooling fishery”. In: Environmental and Resource Economics 54 (2012), 21–39.

[104] Teerioja, Moliis, Kuvaja, Ollikainen, Punkkinen, and Merta. “Pneumatic vs. door-to-door waste collection systems in existing urban areas – a comparison of economic performance”. In: Waste Management 32 (2012), 1782–1792.

[105] Apergis and Rezitis. “Food Price Volatility and Macroeconomic Factors: Evidence from GARCH and GARCH-X Estimates”. In: Journal of Agricultural & Applied Economics 43 (2011), 95–110.

[106] Bäckman, Islam, and Sumelius. “Determinants of Technical Efficiency of Rice Farms in North-Central and North-Western regions in Bangladesh”. In: Journal of Developing Areas 45 (2011), 73–94.

[107] Hyytiä. “Food industry, agriculture and rural economy responding to the infrastructure improvements in South Ostrobothnia”. In: Acta agriculturae Scandinavica, Section C 8 (2011), 75–91.

[108] Hyytiäinen, Niemi, Koikkalainen, Palosuo, and Salo. “Adaptive Optimization of Crop Production and Nitrogen Leaching Abatement under Yield Uncertainty”. In: Agricultural Systems 104 (2011), 634–644.

[109] Islam, Bäckman, and Sumelius. “Technical, Economic and Allocative Efficiency of Microfinance Borrowers and Non-Borrowers: Evidence from Peasant Farming in Bangladesh”. In: European Journal of Social Sciences 18 (2011), 361–377.

[110] Islam, Sipiläinen, and Sumelius. “Access to Microfinance: Does it Matter for Profit Efficiency among Small Scale Rice Farmers in Bangladesh?” In: Middle-East Journal of Scientific Research 9 (2011), 311–323.

[111] Islam, Sipiläinen, and Sumelius. “Influence of Credit Constraints on Technical, Allocative and Cost Efficiency in Peasant Farming in Bangladesh”. In: European Journal of Scientific Research 56 (2011), 229–243.

[112] Kallio-Nyberg, Salminen, Saloniemi, and Lindroos. “Effects of marine survival, precocity and other life history traits on the cost-benefit of stocking salmon in the Baltic Sea”. In: Fisheries Research 110 (2011), 111–119.

[113] Kronbak and Lindroos. “On Species Preservation and Non-Cooperative Exploiters”. In: Strategic Behavior and the Environment 1 (2011), 49–70.

[114] Lankoski and Ollikainen. “Biofuel policies and the environment: Do climate benefits warrant increased production from biofuel feedstocks?” In: Ecological Economics 70 (2011), 676–687.

[115] Niinimäki, Tahvonen, and Mäkelä. “Applying a process-based model in Norway spruce management”. In: Forest Ecology and Management 265 (2011), 102–115.

[116] Rezitis and Kalantzi. “Investigating Market Structure of the Greek Manufacturing Industry: A Hall-Roeger Approach”. In: Atlantic Economic Journal 39 (2011), 383–400.

[117] Rezitis and Reziti. “Threshold Cointegration in the Greek Milk Market”. In: Journal of International Food and Agribusiness Marketing 23 (2011), 231–246.

[118] Rezitis and Stavropoulos. “Price Transmission and Volatility in the Greek Broiler Sector: A Threshold Cointegration Analysis”. In: Journal of Agricultural and Food Industrial Organization 9 (2011), 1–37.

[119] Rezitis and Stavropoulos. “Price Volatility and Rational Expectations in a Sectoral Framework Commodity Model: A Multivariate GARCH Approach”. In: Agricultural Economics 42 (2011), 419–435.

[120] Rinne, Lankoski, Ollikainen, and Mikkola. “Ethanol production under endogenous crop prices: Theoretical analysis with an empirical application to barley”. In: Biomass and Bioenergy 35 (2011), 4788–4796.

[121] Tahvonen. “Optimal structure and development of uneven-aged Norway spruce forests”. In: Canadian Journal of Forest Research 41 (2011), 2389–2402.

[122] Voss, Hinrichsen, Quaas, Schmidt, and Tahvonen. “Temperature change and Baltic sprat: from observations to ecological-economic modelling”. In: ICES Journal of Marine Science 68 (2011), 1244–1256.

[123] Bailey, Sumaila, and Lindroos. “Application of game theory to fisheries over three decades”. In: Fisheries Research 102 (2010), 1–8.

[124] Holopainen, Mäkinen, Rasinmäki, Hyytiäinen, Bayazidi, and Pietilä. “Comparison of uncertainty factors in stand level forest yield value simulation”. In: Forest Policy and Economics 12 (2010), 377–386.

[125] Holopainen,Mäkinen, Rasinmäki, Hyytiäinen, Bayazidi, Vastaranta, and Pietilä. “Uncertainty in forest property net present value estimations”. In: Forests 1 (2010), 177–193.

[126] Hyytiäinen and Haigh. “Evaluation of forest management systems under risk of wildfire”. In: European Journal of Forest Research 129 (2010), 909–919.

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