Hoel, Michael; Holtsmark, Bjart; Holtsmark, Katinka - 2012 - Published Oct 3, 2012 01:08 PM
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...
