Storm events shorten the optimal rotation compared with the classical Faustmann solution.

An increasing number of tropical timber producing nations have enacted bans on export of logs. Proponents argue that a log export ban is a second-best policy tool for addressing environmental externalities; it also creates more jobs and improves scale efficiencies domestically. Theoretical...

Economic optimization of silvicultural strategies is usually based maximization of (expected) present value, prices and costs being based on historical information. However, in some cases forest owners may have strong opinions regarding the character of future timber markets, conflicting with...

Choosing the optimal harvesting time in multiple-use, even-aged forest management is an important but difficult problem. The usual formulation of the problem requires explicit knowledge of the value of the timber, plus the value of the other, non-timber and mainly non-market values. The latter...