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The optimal harvesting problem with a land market: a characterization of the asymptotic convergence

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Adriana Piazza ()
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File URL: http://hdl.handle.net/10.1007/s00199-008-0362-8
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Article provided by Springer in its journal Economic Theory.

Volume (Year): 40 (2009)
Issue (Month): 1 (July)
Pages: 113-138
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Handle: RePEc:spr:joecth:v:40:y:2009:i:1:p:113-138

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Related research
Keywords: Forest management; Asymptotic convergence; Lyapunov stability; Turnpike theorem; Nonlinear discrete time model; Age classes; C62; D90; Q23;

References listed on IDEAS
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  1. Mitra, Tapan & Wan, Henry Y, Jr, 1985. "Some Theoretical Results on the Economics of Forestry," Review of Economic Studies, Blackwell Publishing, vol. 52(2), pages 263-82, April. [Downloadable!] (restricted)
  2. Mitra, Tapan & Wan, Henry Jr., 1986. "On the faustmann solution to the forest management problem," Journal of Economic Theory, Elsevier, vol. 40(2), pages 229-249, December. [Downloadable!] (restricted)
  3. Seppo Salo & Olli Tahvonen, 2004. "Renewable Resources with Endogenous Age Classes and Allocation of Land," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 86(2), pages 513-530, 05. [Downloadable!] (restricted)
  4. Montrucchio, Luigi, 1995. "A New Turnpike Theorem for Discounted Programs," Economic Theory, Springer, vol. 5(3), pages 371-82, May.
  5. Salo, Seppo & Tahvonen, Olli, 2002. "On Equilibrium Cycles and Normal Forests in Optimal Harvesting of Tree Vintages," Journal of Environmental Economics and Management, Elsevier, vol. 44(1), pages 1-22, July. [Downloadable!] (restricted)
  6. Boldrin, Michele & Montrucchio, Luigi, 1986. "On the indeterminacy of capital accumulation paths," Journal of Economic Theory, Elsevier, vol. 40(1), pages 26-39, October. [Downloadable!] (restricted)
  7. Mitra, Tapan & Nishimura, Kazuo, 2001. "Discounting and Long-Run Behavior: Global Bifurcation Analysis of a Family of Dynamical Systems," Journal of Economic Theory, Elsevier, vol. 96(1-2), pages 256-293, January. [Downloadable!] (restricted)
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