Advanced Search
MyIDEAS: Login to save this article or follow this journal

Optimal Harvesting Of Forest Age Classes: A Survey Of Some Recent Results

Contents:

Author Info

  • Olli Tahvonen
Registered author(s):

    Abstract

    Dynamic optimization problems with vintage or age class structures involve complexities that are not encountered in economic models with fewer state variables. These problems have been faced for centuries in forest harvesting decisions, and the earliest ideas for tackling them date from the early 15th century. However, only recently has the harvesting problem with multiple age classes been specified in a form that is fruitful for economic analysis. This survey discusses some of the main properties of the nonlinear discrete time forestry model, which has proven to be tractable in analytical studies and has been used in empirical policy-oriented research. It is shown that the model's stationary state is represented by a set of cyclic solutions and that the maximum radius of the cycle depends on the period length applied in the model specification. The result suggests that it is essential to note that implications of using continuous or discrete variables in specifying time and age structure in age class models with economic optimization.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.tandfonline.com/doi/abs/10.1080/08898480490513616
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Mathematical Population Studies.

    Volume (Year): 11 (2004)
    Issue (Month): 3-4 ()
    Pages: 205-232

    as in new window
    Handle: RePEc:taf:mpopst:v:11:y:2004:i:3-4:p:205-232

    Contact details of provider:
    Web page: http://www.tandfonline.com/GMPS20

    Order Information:
    Web: http://www.tandfonline.com/pricing/journal/GMPS20

    Related research

    Keywords: optimal forest rotation; age classes; normal forest; vintage capital models;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Giorgio FABBRI & Silvia FAGGIAN & Giuseppe FRENI, 2014. "On the Mitra-Wan Forest Management Problem in Continuous Time," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2014011, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    2. Adriana Piazza, 2009. "The optimal harvesting problem with a land market: a characterization of the asymptotic convergence," Economic Theory, Springer, vol. 40(1), pages 113-138, July.
    3. Viitala, Esa-Jussi, 2006. "An early contribution of Martin Faustmann to natural resource economics," Journal of Forest Economics, Elsevier, vol. 12(2), pages 131-144, June.
    4. Terry Heaps, 2014. "Convergence of Optimal Harvesting Policies to a Normal Forest," Discussion Papers dp14-01, Department of Economics, Simon Fraser University.
    5. Angels Xabadia & Renan U. Goetz, 2008. "The Optimal Selective Logging Regime and the Faustmann Formula," Working Papers 353, Barcelona Graduate School of Economics.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:taf:mpopst:v:11:y:2004:i:3-4:p:205-232. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.