Optimal forest rotation and land values under a borrowing constraint.

DOI10.1016/S0165-1889(99)00065-2zbMath1056.91543MaRDI QIDQ5958101

Seppo Salo, Jari Kuuluvainen, Olli Tahvonen

Publication date: 3 March 2002

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

zbMATH Keywords

Optimal stoppingForest rotation modelPoint-inputpoint-output capital theoryVintage capital

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (7)

On the Mitra-Wan forest management problem in continuous time ⋮ On the economics of forest vintages ⋮ On the elasticities of harvesting rules ⋮ Wicksellian theory of forest rotation under interest rate variability ⋮ OPTIMAL HARVESTING OF FOREST AGE CLASSES: A SURVEY OF SOME RECENT RESULTS ⋮ OPTIMAL HARVESTING OF FOREST AGE CLASSES UNDER PRICE UNCERTAINTY AND RISK AVERSION ⋮ OPTIMAL CHOICE BETWEEN EVEN- AND UNEVEN-AGED FORESTRY

Cites Work

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• On the Faustmann solution to the forest management problem
• The tree-cutting problem in a stochastic environment: The case of age- dependent growth
• The stochastic rotation problem: A generalization of Faustmann's formula to stochastic forest growth
• Optimal forest rotation with in situ preferences
• Bequests, Credit Rationing and in situ Values in the Faustmann-Pressler-Ohlin Forestry Model

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