Bequests, Credit Rationing and in situ Values in the Faustmann-Pressler-Ohlin Forestry Model

DOI10.1111/1467-9442.00136MaRDI QIDQ4244615zbMATH OpenOpenAlexFDO

Authors O. Tahvonen

Publication date 31 May 1999

Published in Scandinavian Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/1467-9442.00136

zbMATH Keywords

forestryoptimal stopping timeoptimal aging processrotation model

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Economic growth models (91B62) Application models in control theory (93C95)

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Cited in

(8)

• Optimal forestry contract with interdependent costs
• Optimal forest policies in an overlapping generations economy with timber and money bequests.
• A point-input, point-output forest as a microprototype for capital accounting
• Taxation and rotation age under stochastic forest stand value
• The convergence of optimal forestry control
• Optimal forest rotation and land values under a borrowing constraint.
• OPTIMAL CHOICE BETWEEN EVEN- AND UNEVEN-AGED FORESTRY
• FOREST ROTATIONS AND STAND INTERDEPENDENCY: OWNERSHIP STRUCTURE AND TIMING OF DECISIONS

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