The stochastic rotation problem: A generalization of Faustmann's formula to stochastic forest growth
From MaRDI portal
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)
91B62: Economic growth models
91B76: Environmental economics (natural resource models, harvesting, pollution, etc.)
Related Items
Panel Data With Measurement Errors: Instrumental Variables And Gmm Procedures Combining Levels And Differences, On an Approximation of Average Cost per Unit Time Impulse Control of Markov Processes, Competition versus Cooperation: A Class of Solvable Mean Field Impulse Control Problems, Impulse control and expected suprema, Bounded Variation Control of Itô Diffusions with Exogenously Restricted Intervention Times, Optimal forest rotation and land values under a borrowing constraint., The stochastic rotation problem: A comment, Optimizing high-dimensional stochastic forestry \textit{via} reinforcement learning, Sustainable management of fossil fuels: a dynamic stochastic optimization approach with jump-diffusion, The role of spatial scale in the timing of uncertain environmental policy, A dynamic bioeconomic analysis of mountain pine beetle epidemics, Harvesting and recovery decisions under uncertainty, Thinning and harvesting in stochastic forest models, Stochastic impulse control problem with state and time dependent cost functions, Risk aversion and optimal forest replanting: a stochastic efficiency study, Harvesting a renewable resource under uncertainty, On the economics of the optimal fallow-cultivation cycle, On the elasticities of harvesting rules, Wicksellian theory of forest rotation under interest rate variability, Optimal harvesting under resource stock and price uncertainty, Asset retirement with infinitely repeated alternative replacements: harvest age and species choice in forestry, An implicit method for the finite time horizon Hamilton-Jacobi-Bellman quasi-variational inequalities, Discrete-time pricing and optimal exercise of American perpetual warrants in the geometric random walk model, Coupled ecological-social dynamics in a forested landscape: spatial interactions and information flow, A solution technique for Lévy driven long term average impulse control problems, Optimal price management in retail energy markets: an impulse control problem with asymptotic estimates, On the solution of general impulse control problems using superharmonic functions, De Finetti's control problem with competition, A General Verification Result for Stochastic Impulse Control Problems, Analysis of production decisions under budget limitations, OPTIMAL TIMING OF SALVAGE HARVEST IN RESPONSE TO A STOCHASTIC INFESTATION, THE FOREST ROTATION PROBLEM WITH STOCHASTIC HARVEST AND AMENITY VALUE, OPTIMAL HARVESTING OF FOREST AGE CLASSES UNDER PRICE UNCERTAINTY AND RISK AVERSION
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
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
