volatility increases, while higher risk aversion decreases the optimal harvesting threshold. Moreover, under risk aversion … increased forest value volatility decreases the optimal harvesting threshold, while it has no effect under risk neutrality …. Numerical illustrations indicate that higher interest rate volatility will raise the expected rotation period at an increasing …

, 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 …

for the Wicksellian single rotation problem and show that increased interest rate volatility increases the optimal …

volatility increases, while higher risk aversion decreases the optimal harvesting threshold. Moreover, under risk aversion … increased forest value volatility decreases the optimal harvesting threshold, while it has no effect under risk neutrality …. Numerical illustrations indicate that higher interest rate volatility will raise the expected rotation period at an increasing …

per capita growth rate affect the threshold, while under risk neutrality volatility of price dynamics will have no effect …