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Persistent link: https://www.econbiz.de/10003489115
This paper has developed a model of a single forest owner operating with perfect foresight in a dynamic open-city environment that allows for switching between alternative competing land uses (forest and urban use) at some point in the future. The model also incorporates external values of an...
Persistent link: https://www.econbiz.de/10013111821
Persistent link: https://www.econbiz.de/10009009159
Persistent link: https://www.econbiz.de/10003275165
This paper aims at building a theoretical framework to examine the impact of development pressure on private owner’s forest management practices, namely, on regeneration and conversion cut dates. As the rent for developed land is rising over time, our model creates the possibility of switching...
Persistent link: https://www.econbiz.de/10013291997