Ariste, Ruolz; Lasserre, Pierre - In: L'Actualité Economique 77 (2001) 1, pp. 27-51
This papers aims to determine the optimal rotation and the best alternative use of a forest stand when wood price is assumed to follow a Geometrical Brownian Motion and the externality generated by the forest capacity to reduce the level of carbon dioxide in the air is adequately taken into...
