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)00071-7zbMath0899.90065MaRDI QIDQ1128634
Publication date: 13 August 1998
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)
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Cites Work
- The tree-cutting problem in a stochastic environment: The case of age- dependent growth
- Harvest Decisions and Asset Valuation for Biological Resources Exhibiting Size-Dependent Stochastic Growth
- Optimal Switching in an Economic Activity under Uncertainty
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