Wicksellian theory of forest rotation under interest rate variability

DOI10.1016/J.JEDC.2004.03.002MaRDI QIDQ953760zbMATH OpenOpenAlexFDO

Authors Luis H. R. Alvarez, Erkki Koskela

Publication date 6 November 2008

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

Full work available at URL http://hdl.handle.net/10138/16800

zbMATH Keywords

free boundary problemsoptimal stoppingstochastic interest ratesWicksellian rotation

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Existence theories for optimal control problems involving ordinary differential equations (49J15) Stochastic models in economics (91B70) Interest rates, asset pricing, etc. (stochastic models) (91G30)

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Cited in

(10)

• THE FOREST ROTATION PROBLEM WITH STOCHASTIC HARVEST AND AMENITY VALUE
• Thinning and harvesting in stochastic forest models
• Regime switching in stochastic models of commodity prices: an application to an optimal tree harvesting problem
• Asset retirement with infinitely repeated alternative replacements: harvest age and species choice in forestry
• Optimal harvesting under resource stock and price uncertainty
• Irreversible capital accumulation under interest rate uncertainty
• The optimal harvesting problem under price uncertainty: the risk averse case
• Analysis of production decisions under budget limitations
• The optimal harvesting problem under price uncertainty
• Optimal forest rotation and land values under a borrowing constraint.

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