On the economics of forest vintages

DOI10.1016/S0165-1889(02)00065-9MaRDI QIDQ951365zbMATH OpenOpenAlexFDO

Authors S. Salo, O. Tahvonen

Publication date 24 October 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1889(02)00065-9

zbMATH Keywords

endogenous cyclesFaustmann rotationvintage capital

Mathematics Subject Classification ID

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

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Cites work

• scientific article; zbMATH DE number 47134 (Why is no real title available?)
• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• Numerical solution by iterative methods of a class of vintage capital models
• On equilibrium cycles and normal forests in optimal harvesting of tree vintages
• On the Faustmann solution to the forest management problem
• Optimal forest rotation and land values under a borrowing constraint.
• Optimal Growth, Resource Amenities and the Preservation of Natural Environments
• OPTIMAL HARVESTING MODELS IN FOREST MANAGEMENT - A SURVEY
• Replacement echoes in the vintage capital growth model
• Revisiting the Mitra-Wan Tree Farm
• Some Theoretical Results on the Economics of Forestry
• The economics of forestry when the rate of harvest is constrained
• The economics of orchards: An exercise in point-input, flow-output capital theory
• Vintage capital, investment, and growth

Cited in

(20)

• The optimal harvesting problem with a land market: a characterization of the asymptotic convergence
• On the Faustmann solution to the forest management problem
• The stochastic mitra-wan forestry model: risk neutral and risk averse cases
• Convergence of optimal harvesting policies to a normal forest
• Deforestation and optimal management
• Optimal management of naturally regenerating uneven-aged forests
• Irreversibility and the economics of forest conservation
• Economics of harvesting age-structured fish populations
• OPTIMAL CHOICE BETWEEN EVEN- AND UNEVEN-AGED FORESTRY
• HARVESTING AN AGE‐STRUCTURED POPULATION AS BIOMASS: DOES IT WORK?
• OPTIMAL HARVESTING OF FOREST AGE CLASSES UNDER PRICE UNCERTAINTY AND RISK AVERSION
• OPTIMAL HARVESTING OF FOREST AGE CLASSES: A SURVEY OF SOME RECENT RESULTS
• The optimal harvesting problem under price uncertainty
• Deforestation and development in a small open economy.
• About optimal harvesting policies for a multiple species forest without discounting
• The economics of forestry and a set-valued turnpike of the classical type
• Stochastic Mitra-Wan forestry models analyzed as a mean field optimal control problem
• On the Mitra-Wan forestry model: a unified analysis
• On the Mitra-Wan forest management problem in continuous time
• Optimal control of heterogeneous systems: basic theory

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