A brief history of forest economics thought -- The Faustmann rotation model -- Hartman models of timber and amenity production -- Two period life cycle models -- Socially optimal forest policy design -- Deforestation: models and policy instruments -- Biodiversity conservation in boreal and...

This paper extends the Hartman model to study the optimal rotation age of two interdependent stands when the stream of amenities produces from the two stands may be complements or substitutes, both in space and over time. In the presence of stand interdependence both the ownership structure and...