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Applications of Distributed Optimal Control in Economics-The Case of Forest Management
Goetz, Renan; Xabadia, Angels - Centro de Estudios Andaluces, Government of Andalusia - 2003
This paper presents a theoretical model to find the optimal selective-logging regime of a size-distributed forest. The … populations. The empirical part of the paper determines the optimal selective-logging regime of a size-distributed forest, that is …, the selective logging that maximizes the discounted net benefits from timber production of a stand of pinus sylvestris …
Persistent link: https://www.econbiz.de/10005121321
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On optimal forest management: A bifurcation analysis
Dasgupta, Swagan; Mitra, Tapan - 2010
The paper examines the theory of optimal forest management with a view to describing its transition dynamics. In contrast to the literature's emphasis on long-run behavior of optimally managed forests, we focus on the nature of the optimal policy function, which describes the harvesting and...
Persistent link: https://www.econbiz.de/10010292077
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On optimal forest management : a bifurcation analysis
Dasgupta, Swagan; Mitra, Tapan - 2010
The paper examines the theory of optimal forest management with a view to describing its transition dynamics. In contrast to the literature's emphasis on long-run behavior of optimally managed forests, we focus on the nature of the optimal policy function, which describes the harvesting and...
Persistent link: https://www.econbiz.de/10008649281
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Pricing Forest Carbon : Implications of Asymmetry in Climate Policy
Eriksson, Mathilda - 2016
In this paper, we use an integrated assessment model to examine the implications of not recognizing, and partially recognizing forest carbon in climate policy. Specifically, we investigate the impact of an asymmetric carbon policy that recognizes emissions from fossil fuels while ignoring...
Persistent link: https://www.econbiz.de/10012993708
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Climate Change and the Cost of Carbon Sequestration: The Case of Forest Management
Goetz, Renan Ulrich; Hritonenko, Natali; Mur, Ruben; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2008
carbon sequestration are not complementary. Based on this finding, this paper determines the optimal selective management …
Persistent link: https://www.econbiz.de/10010851368
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On The Mitra-Wan Forest Management Problem in Continuous Time
Fabbri, Giorgio; Faggian, Silvia; Freni, Giuseppe - Centre d'Études des Politiques Économiques (EPEE), … - 2014
The paper provides a continuous-time version of the discrete-time Mitra- Wan model of optimal forest management, where trees are harvested to maximize the utility of timber flow over an infinite time horizon. The available trees and the other parameters of the problem vary continuously with...
Persistent link: https://www.econbiz.de/10010852362
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On the Mitra–Wan forest management problem in continuous time
Fabbri, Giorgio; Faggian, Silvia; Freni, Giuseppe - In: Journal of Economic Theory 157 (2015) C, pp. 1001-1040
The paper provides a continuous-time version of the discrete-time Mitra–Wan model of optimal forest management, where trees are harvested to maximize the utility of timber flow over an infinite time horizon. The available trees and the other parameters of the problem vary continuously with...
Persistent link: https://www.econbiz.de/10011263602
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Can Forest Management Strategies Sustain The Development Needs Of The Little Red River Cree First Nation?
van Kooten, Gerrit Cornelis; Krcmar, Emina; Nelson, H.; … - Department of Economics, University of Victoria - 2005
In this study, we explore whether projected socio-economic needs of the Little Red River Cree Nation (LRRCN) can be met using the natural resources to which they have access. To answer this question, we employ a dynamic optimization model to assess the capacity of the available forest base to...
Persistent link: https://www.econbiz.de/10005818693
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Stochastic Dominance Portfolio Analysis of Forestry Assets
Heikkinen, V.-P.; Kuosmanen, Timo - EconWPA - 2002
We consider the forestry decision-making and harvesting problem from the perspective of financial portfolio management, where harvestable forest stands constitute one of the liquid assets of the portfolio. Using real data from Finnish mixed borealis forests and from the Helsinki stock exchange,...
Persistent link: https://www.econbiz.de/10005134874
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On the Mitra--Wan Forest Management Problem in Continuous Time
Faggian, Silvia; Fabbri, Giorgio; Freni, Giuseppe - Dipartimento di Economia, Università Ca' Foscari Venezia - 2013
The paper provides a continuous time version of the well known discrete time Mitra-Wan model of optimal forest management, where a forest is harvested to maximize the utility of timber flow over an infinite time horizon. Besides varying with time, the state variable (describing available trees)...
Persistent link: https://www.econbiz.de/10010717404