𝔖 Bobbio Scriptorium
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Optimal forest rotation under monopoly and competition

✍ Scribed by Philippe J Crabbé; Ngo Van Long


Book ID
116089842
Publisher
Elsevier Science
Year
1989
Tongue
English
Weight
807 KB
Volume
17
Category
Article
ISSN
0095-0696

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Optimal forest rotation and land values
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This study relaxes the assumption of perfect capital markets in the classical Faustmann forest rotation model. A constraint on borrowing changes all the basic properties of optimal forest harvesting. Instead of a constant rotation period, an in"nite chain of rotations is determined by a nonlinear di