Alvarez, Luis H. R.; Koskela, Erkki - 2003
, depend on the precise nature of the monetary valuation of amenities and what is the impact of volatility on these concepts … and volatility of forest value in the determination of Wicksellian and Faustmannian thresholds. Our theoretical and … numerical findings emphasize the crucial importance of the nature of amenity valuation for the impact of higher volatility of …