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Faustmann and the climate
Hoel, Michael; Holtsmark, Bjart; Holtsmark, Katinka - 2012
This paper presents an adjusted Faustmann Rule for optimal harvest of a forest in the presence of a social cost of carbon emissions. A contribution of the paper is to do this within theoretical and numerical frameworks that take account of the dynamics and interactions of the forest's multiple...
Persistent link: https://www.econbiz.de/10010330252
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Faustmann and the climate
Hoel, Michael; Holtsmark, Bjart; Holtsmark, Katinka - 2012
This paper presents an adjusted Faustmann Rule for optimal harvest of a forest in the presence of a social cost of carbon emissions. A contribution of the paper is to do this within theoretical and numerical frameworks that take account of the dynamics and interactions of the forest's multiple...
Persistent link: https://www.econbiz.de/10010288462
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Hedging with Trees: Tail-Hedge Discounting of Long-Term Forestry Returns
Hultkrantz, Lars; Mantalos, Panagiotis - 2016
, the other with the risk-free rate. We estimate gamma for forestry on Swedish data for stumpage prices and GDP per capita … 1909- 2012. We demonstrate in three forestry cases that the result considerably changes the expected present value of long …-term forestry investments. …
Persistent link: https://www.econbiz.de/10012654413
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Exports and profitability first evidence for German manufacturing firms
Fryges, Helmut; Wagner, Joachim - 2008
Germany, this paper presents the first comprehensive evidence on the relationship between exports and profitability. It … documents that the positive profitability differential of exporters compared to non-exporters is statistically significant …. Instead, we use a newly developed continuous treatment approach and show that exporting improves the profitability almost over …
Persistent link: https://www.econbiz.de/10010265195
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Exports and profitability: first evidence for German manufacturing firms
Fryges, Helmut; Wagner, Joachim - 2008
Germany, this paper presents the first comprehensive evidence on the relationship between exports and profitability. It … documents that the positive profitability differential of exporters compared to non-exporters is statistically significant …. Instead, we use a newly developed continuous treatment approach and show that exporting improves the profitability almost over …
Persistent link: https://www.econbiz.de/10010269330
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Exports and Profitability: First Evidence for German Manufacturing Firms
Fryges, Helmut; Wagner, Joachim - 2008
Germany, this paper presents the first comprehensive evidence on the relationship between exports and profitability. It … documents that the positive profitability differential of exporters compared to non-exporters is statistically significant …. Instead, we use a newly developed continuous treatment approach and show that exporting improves the profitability almost over …
Persistent link: https://www.econbiz.de/10010298661
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Age and gender composition of the workforce, productivity and profits: Evidence from a new type of data for German enterprises
Pfeifer, Christian; Wagner, Joachim - 2012
and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from … manufacturing industries in Germany. We use unique newly available data that for the first time combine information from the …' profitability, which is consistent with deferred compensation considerations. Moreover, our analysis reveals for the first time that …
Persistent link: https://www.econbiz.de/10010282402
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Age and gender composition of the workforce, productivity and profits: Evidence from a new type of data for German enterprises
Pfeifer, Christian; Wagner, Joachim - 2012
and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from … manufacturing industries in Germany. We use unique newly available data that for the first time combine information from the …' profitability, which is consistent with deferred compensation considerations. Moreover, our analysis reveals for the first time that …
Persistent link: https://www.econbiz.de/10010286587
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Management Challenges for Multiple-Species Boreal Forests
Crépin, Anne Sophie - 2003
traditionally used in forestry economics reflect. This essay analyses some challenges of accounting for such complexity. When forest …
Persistent link: https://www.econbiz.de/10011325134