Classical forest economics posits an optimal sequence of constant rotations. Projected variation of discount rate changes optimal rotation through time, as does projected relative price change for multiple products. These factors greatly increase the difficulty of calculating NPV of...

This paper considers the effects of CO2 emission trading system on the substitution between coal and energy wood in the large scale heat and power production in Europe. We use a technology-based approach where the substitution between coal and wood takes place through switch from one technology...

recreation economics treats spatial problems of varying dimensionality. Travel cost models, once fashionable but no longer so, take recreation sites as point destinations, ideally, located rationally in relation to population. One-dimensional problems, concerning extent of trails, have received...

The enlargemenr of the Eu in 1995 with Austria, Finland and Sweden had a considerable effect on the Union's policy on forests, and there is reason to believe that further impact will arise from the enlargement in 2004 with ten Central and Eastern European countries. The present study aims at...

In this article, a hybrid heuristic algorithm based in Genetic Algorithm and Hooke and Jeeves in described for solving a complicated forest harvest decision problem, which involves optimization of thinning and final felling under price risk for a mixed species stand of spruce and pine. The...

In 1989 the Danish Parliament announced it an official goal of the forest policy to double the Danish forest area in 60-100 years. One of the goals of this policy was to improve the recreational possibilities for the urban population. Therefore focus has been on furthering public afforestation...

The main goal of the study is to compare the management of Estonian public forests and the factors influencing the management with the Finnish public forests. The concept public forests refers here only to the forests managed by the state forest organizations--'RMK' in Estonia and...

Mainstream economists have begun voicing disquiet about how dicounting affects values ascribed to the distant future. It has been proposed that discount rates should decline through time. Some reasons for this (hyperbolic discounting by one individual, fair treatment of future generations,...