THE FOREST ROTATION PROBLEM WITH STOCHASTIC HARVEST AND AMENITY VALUE

DOI10.1111/J.1939-7445.2007.TB00218.XMaRDI QIDQ3616585zbMATH OpenOpenAlexFDO

Authors Luis H. R. Alvarez, Erkki Koskela

Publication date 26 March 2009

Published in Natural Resource Modeling (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/j.1939-7445.2007.tb00218.x

Mathematics Subject Classification ID

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

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• Stochastic Forest Stand Value and Optimal Timber Harvesting
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Cites work

• A class of solvable impulse control problems
• Forest taxation and rotation age under private amenity valuation: new results
• OPTIMAL HARVESTING MODELS IN FOREST MANAGEMENT - A SURVEY
• Optimal harvesting of stochastically fluctuating populations
• Optimal stochastic intervention control with application to the exchange rate
• Stochastic control problems where small intervention costs have big effects
• Stochastic differential equations. An introduction with applications.
• Stochastic Forest Stand Value and Optimal Timber Harvesting
• 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
• Wicksellian theory of forest rotation under interest rate variability

Cited in

(12)

• Searching for an optimal rotation age forest stand management under stochastic log prices
• Forest taxation and rotation age under private amenity valuation: new results
• Structural estimation of the stochastic dynamic decision problems of resource users: An application to the timber harvest decision
• MULTIPLE USE VALUES AND OPTIMAL STEADY STATE AGE DISTRIBUTIONS
• Stochastic Forest Stand Value and Optimal Timber Harvesting
• Brownian inventory models with convex holding cost. I: Average-optimal controls
• Bounded variation control of Itô diffusions with exogenously restricted intervention times
• The solution to an impulse control problem motivated by optimal harvesting
• A more general dynamic economic model of the optimal rotation of multiple-use forests
• Wicksellian theory of forest rotation under interest rate variability
• Stochastic impulse control of non-Markovian processes
• Taxation and rotation age under stochastic forest stand value

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