On the elasticities of harvesting rules

DOI10.1016/J.JEDC.2004.02.003MaRDI QIDQ953757zbMATH OpenOpenAlexFDO

Authors Fwu-Ranq Chang

Publication date 6 November 2008

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

Full work available at URL https://doi.org/10.1016/j.jedc.2004.02.003

zbMATH Keywords

homogeneity conditionsseedling valuesite valuestochastic rotation problemthe Faustmann formula

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Stochastic models in economics (91B70)

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Cites work

• scientific article; zbMATH DE number 4078444 (Why is no real title available?)
• scientific article; zbMATH DE number 47134 (Why is no real title available?)
• Harvest Decisions and Asset Valuation for Biological Resources Exhibiting Size-Dependent Stochastic Growth
• On the Faustmann solution to the forest management problem
• Optimal forest rotation and land values under a borrowing constraint.
• THE ROLE OF STOCHASTIC MONOTONICITY IN THE DECISION TO CONSERVE OR HARVEST OLD-GROWTH FOREST
• The stochastic rotation problem: A generalization of Faustmann's formula to stochastic forest growth
• The tree-cutting problem in a stochastic environment: The case of age- dependent growth

Cited in

(3)

• Harvesting and recovery decisions under uncertainty
• Optimizing high-dimensional stochastic forestry \textit{via} reinforcement learning
• Harvest Decisions and Asset Valuation for Biological Resources Exhibiting Size-Dependent Stochastic Growth

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