Wicksellian theory of forest rotation under interest rate variability

DOI10.1016/j.jedc.2004.03.002zbMath1202.91243OpenAlexW3121891462MaRDI QIDQ953760

Erkki Koskela, Luis H. R. Alvarez

Publication date: 6 November 2008

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

Full work available at URL: http://hdl.handle.net/10138/16800

zbMATH Keywords

optimal stoppingfree boundary problemsstochastic interest ratesWicksellian rotation

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Interest rates, asset pricing, etc. (stochastic models) (91G30) Existence theories for optimal control problems involving ordinary differential equations (49J15) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items

Asset retirement with infinitely repeated alternative replacements: harvest age and species choice in forestry ⋮ Irreversible capital accumulation under interest rate uncertainty ⋮ The optimal harvesting problem under price uncertainty: the risk averse case ⋮ Thinning and harvesting in stochastic forest models ⋮ Regime switching in stochastic models of commodity prices: an application to an optimal tree harvesting problem ⋮ The optimal harvesting problem under price uncertainty ⋮ THE FOREST ROTATION PROBLEM WITH STOCHASTIC HARVEST AND AMENITY VALUE ⋮ Optimal harvesting under resource stock and price uncertainty ⋮ Analysis of production decisions under budget limitations

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