Gutrich, John, and Richard B. Howarth. "Carbon sequstration and the optimal management of New Hampshire timber stands."Ecological Economics 62 (2007): 441-50. Web. 19 May 2011.

This paper illustrates the value of carbon sequestration by New Hampshire forests and the opportunity costs of harvesting timber in terms of natural goods/services. Because, as they stand, trees are providing a service by sequestering carbon, there is a trade off between benefits from this service and benefits from harvesting the trees for lumber. However, there is little regulation of how property owners manage their land, there is incentive to clear cut forests for lumber. If the New Hampshire government were set the goal of stabilizing atmospheric carbon at twice the pre-industrial level, Gutrich and Howarth conclude that rotation periods for harvesting forest would need to be extended by a full 180-347 years depending on the specific type of forest.