Alvarez, Luis H. R.; Koskela, Erkki - CESifo - 2004
The paper uses both the single rotation and ongoing rotation framework to study the impact of yield tax, lump-sum tax …, cash flow tax and tax on interest rate earnings on the privately optimal rotation period when forest value growth is … stochastic and forest owners are either risk neutral or risk averse. In the case of risk-neutral forest owner higher yield tax …