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Taxation and rotation age under stochastic forest stand value

Alvarez, Luis H. R.; Koskela, Erkki - 2004

The paper uses both the single rotation and ongoing rotation framework to study the impact of yield tax, lump-sum tax, cash flow tax and tax on interest rate earnings on the privately optimal rotation period when forest value growth is stochastic and forest owners are either risk neutral or risk...

Persistent link: https://www.econbiz.de/10011449344

Taxation and rotation age under stochastic forest stand value

Alvarez, Luis H. R.; Koskela, Erkki - 2004 - June 2004

Persistent link: https://www.econbiz.de/10002127106

Deforestation, production intensity and land use under insecure property rights

Amacher, Gregory S.; Koskela, Erkki; Ollikainen, Markku - 2004

management, and unsustainable forest exploitation in the form of illegal logging to explore deforestation and agricultural and … to increase deforestation by increasing both land conversion to agriculture and illegal logging. Contrary to current …, and thus deforestation. Confiscation risk decreases timber supply from unsustainable forestry practices while the affect …

Persistent link: https://www.econbiz.de/10011402690

Royalty reform and illegal reporting of harvest volumes under alternative penalty schemes

Amacher, Gregory S.; Koskela, Erkki; Ollikainen, Markku - In: Environmental & resource economics : the official … 38 (2007) 2, pp. 189-211

Persistent link: https://www.econbiz.de/10003601889

Deforestation and land use under insecure property rights

Amacher, Gregory S.; Koskela, Erkki; Ollikainen, Markku - In: Environment and development economics 14 (2009) 3, pp. 281-303

Persistent link: https://www.econbiz.de/10003875169

Does risk aversion accelerate optimal forest rotation under uncertainty?

Alvarez, Luis H. R.; Koskela, Erkki - 2004

We use a Wicksellian single rotation framework to analyze the impact of the intertemporally fluctuating and stochastic mean-reverting interest rate process on the optimal harvesting threshold and thereby the expected length of the rotation period, when forest value is also stochastic following...

Persistent link: https://www.econbiz.de/10011450936