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This paper extends the Hartman model to study the optimal rotation age of two interdependent stands when the stream of amenities produces from the two stands may be complements or substitutes, both in space and over time. In the presence of stand interdependence both the ownership structure and...
Persistent link: https://www.econbiz.de/10011409170
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/10011398129
Persistent link: https://www.econbiz.de/10001648182
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 study the optimal rotation age of two interdependent stands when the stream of amenities produces from the two stands may be complements or substitutes, both in space and over time. In the presence of stand interdependence both the ownership structure and...
Persistent link: https://www.econbiz.de/10001659077
Persistent link: https://www.econbiz.de/10001839050
Persistent link: https://www.econbiz.de/10002513459
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