On the Faustmann solution to the forest management problem

DOI10.1016/0022-0531(86)90073-6MaRDI QIDQ1091246zbMATH OpenOpenAlexFDO

Authors Tapan Mitra, Henry Y. jun. Wan

Publication date 1986

Published in Journal of Economic Theory (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1016/0022-0531(86)90073-6

zbMATH Keywords

periodic solutionforest managementintertemporal resource allocationgolden-rule stationary forest

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 3568288 (Why is no real title available?)
• On Existence of Weakly Maximal Programmes in a Multi-Sector Economy
• Turnpike Theorems for a Generalized Leontief Model

Cited in

(36)

• On the Mitra-Wan forestry model: a unified analysis
• The economics of orchards: An exercise in point-input, flow-output capital theory
• On the elasticities of harvesting rules
• Vintage capital, investment, and growth
• Deforestation and optimal management
• The concavity assumption on felicities and asymptotic dynamics in the RSS model
• Ordered Site Access and Optimal Forest Rotation
• On locally optimal programs in the Robinson-Solow-Srinivasan model
• On a class of infinite horizon optimal control problems
• The stochastic mitra-wan forestry model: risk neutral and risk averse cases
• Optimal rotation period in timber production
• Convergence of optimal harvesting policies to a normal forest
• Optimal forest policies in an overlapping generations economy with timber and money bequests.
• Undiscounted optimal growth in the two-sector Robinson-Solow-Srinivasan model: a synthesis of the value-loss approach and dynamic programming
• The Mitra-Wan forestry model: a discrete-time optimal control problem
• A point-input, point-output forest as a microprototype for capital accounting
• Around the Danzer problem and the construction of dense forests
• OPTIMAL HARVESTING OF FOREST AGE CLASSES UNDER PRICE UNCERTAINTY AND RISK AVERSION
• About optimal harvesting policies for a multiple species forest without discounting
• On the Mitra-Wan forest management problem in continuous time
• The economics of forestry and a set-valued turnpike of the classical type
• Economics of harvesting age-structured fish populations
• The convergence of optimal forestry control
• Faustmann's formulas for forests
• Socially optimal forestry
• OPTIMAL HARVESTING OF FOREST AGE CLASSES: A SURVEY OF SOME RECENT RESULTS
• Irreversibility and the economics of forest conservation
• Infinite-horizon competitive programs are optimal
• Stochastic Mitra-Wan forestry models analyzed as a mean field optimal control problem
• scientific article; zbMATH DE number 6300221 (Why is no real title available?)
• On equilibrium cycles and normal forests in optimal harvesting of tree vintages
• The optimal harvesting problem with a land market: a characterization of the asymptotic convergence
• Optimal forest rotation and land values under a borrowing constraint.
• Technology adoption and accumulation in a vintage-capital model
• On the economics of forest vintages
• The stochastic rotation problem: A comment

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