On the elasticities of harvesting rules

DOI10.1016/J.JEDC.2004.02.003zbMath1202.91245OpenAlexW3126120862MaRDI QIDQ953757

Fwu-Ranq Chang

Publication date: 6 November 2008

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2004.02.003

zbMATH Keywords

homogeneity conditionsseedling valuesite valuestochastic rotation problemthe Faustmann formula

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (2)

Harvesting and recovery decisions under uncertainty ⋮ Optimizing high-dimensional stochastic forestry \textit{via} reinforcement learning

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
• THE ROLE OF STOCHASTIC MONOTONICITY IN THE DECISION TO CONSERVE OR HARVEST OLD-GROWTH FOREST
• Harvest Decisions and Asset Valuation for Biological Resources Exhibiting Size-Dependent Stochastic Growth
• Optimal forest rotation and land values under a borrowing constraint.

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