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This paper extends the Hartman model to include the case where two adjacent stands may be interdependent in the provision of amenity services. We show first that the relationship between the focal and exogenous rotation age depends on the nature of their temporal interdependence, i.e. on what...
Persistent link: https://www.econbiz.de/10001590450
This paper extends the Hartman model to include the case where two adjacent stands may be interdependent in the provision of amenity services. We show first that the relationship between the focal and exogenous rotation age depends on the nature of their temporal interdependence, i.e., on what...
Persistent link: https://www.econbiz.de/10013320976
Persistent link: https://www.econbiz.de/10001723047
bequests occur across generations, assuming the usual case of one-sided altruism. We assume nonindustrial landowners have …
Persistent link: https://www.econbiz.de/10014094832
Persistent link: https://www.econbiz.de/10002243010
Persistent link: https://www.econbiz.de/10003498754
This paper studies optimal forest policies in an overlapping generations forest economy with one-sided altruism, where … maximizes long run social welfare. This policy mix depends on the nature of the steady state equilibrium, and whether non …
Persistent link: https://www.econbiz.de/10010285086
Persistent link: https://www.econbiz.de/10000893742
Persistent link: https://www.econbiz.de/10000857297