The stochastic rotation problem: A generalization of Faustmann's formula to stochastic forest growth
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Publication:1128634
DOI10.1016/S0165-1889(97)00071-7zbMATH Open0899.90065MaRDI QIDQ1128634FDOQ1128634
Authors: Yngve Willassen 
Publication date: 13 August 1998
Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)
Recommendations
Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Economic growth models (91B62)
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Cited In (40)
- Repeated stochastic tree problems
- Stochastic Forest Stand Value and Optimal Timber Harvesting
- Stochastic impulse control problem with state and time dependent cost functions
- The tree-cutting problem in a stochastic environment: The case of age- dependent growth
- Panel Data With Measurement Errors: Instrumental Variables And Gmm Procedures Combining Levels And Differences
- THE FOREST ROTATION PROBLEM WITH STOCHASTIC HARVEST AND AMENITY VALUE
- A general verification result for stochastic impulse control problems
- Wicksellian theory of forest rotation under interest rate variability
- The role of spatial scale in the timing of uncertain environmental policy
- Optimal harvesting under resource stock and price uncertainty
- Harvesting and recovery decisions under uncertainty
- Optimal timing of salvage harvest in response to a stochastic infestation
- Coupled ecological-social dynamics in a forested landscape: spatial interactions and information flow
- OPTIMAL HARVESTING OF FOREST AGE CLASSES UNDER PRICE UNCERTAINTY AND RISK AVERSION
- On an approximation of average cost per unit time impulse control of Markov processes
- Harvesting a renewable resource under uncertainty
- Risk aversion and optimal forest replanting: a stochastic efficiency study
- A dynamic bioeconomic analysis of mountain pine beetle epidemics
- Asset retirement with infinitely repeated alternative replacements: harvest age and species choice in forestry
- The stochastic rotation problem: A comment
- Impulse control and expected suprema
- Sustainable management of fossil fuels: a dynamic stochastic optimization approach with jump-diffusion
- On the elasticities of harvesting rules
- Optimal forest rotation and land values under a borrowing constraint.
- Thinning and harvesting in stochastic forest models
- On the Mitra-Wan forest management problem in continuous time
- An implicit method for the finite time horizon Hamilton-Jacobi-Bellman quasi-variational inequalities
- Approximately optimal forest rotation in a nonstationary environment
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- Competition versus cooperation: a class of solvable mean field impulse control problems
- Discrete-time pricing and optimal exercise of American perpetual warrants in the geometric random walk model
- Analysis of production decisions under budget limitations
- De Finetti's control problem with competition
- Use of stochastic control theory to model a forest management system
- Optimizing high-dimensional stochastic forestry \textit{via} reinforcement learning
- Bounded variation control of Itô diffusions with exogenously restricted intervention times
- On the economics of the optimal fallow-cultivation cycle
- On the solution of general impulse control problems using superharmonic functions
- Optimal price management in retail energy markets: an impulse control problem with asymptotic estimates
- A solution technique for Lévy driven long term average impulse control problems
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