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On the economics of forest vintages

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  • Salo, Seppo
  • Tahvonen, Olli

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  • Salo, Seppo & Tahvonen, Olli, 2003. "On the economics of forest vintages," Journal of Economic Dynamics and Control, Elsevier, vol. 27(8), pages 1411-1435, June.
  • Handle: RePEc:eee:dyncon:v:27:y:2003:i:8:p:1411-1435
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    References listed on IDEAS

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    1. Benhabib, Jess & Rustichini, Aldo, 1991. "Vintage capital, investment, and growth," Journal of Economic Theory, Elsevier, vol. 55(2), pages 323-339, December.
    2. Boucekkine, Raouf & Germain, Marc & Licandro, Omar, 1997. "Replacement Echoes in the Vintage Capital Growth Model," Journal of Economic Theory, Elsevier, vol. 74(2), pages 333-348, June.
    3. Tapan Mitra & Henry Y. Wan, 1985. "Some Theoretical Results on the Economics of Forestry," Review of Economic Studies, Oxford University Press, vol. 52(2), pages 263-282.
    4. 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.
    5. Heaps, Terry & Neher, Philip A., 1979. "The economics of forestry when the rate of harvest is constrained," Journal of Environmental Economics and Management, Elsevier, vol. 6(4), pages 297-319, December.
    6. Boucekkine, Raouf & Germain, Marc & Licandro, Omar & Magnus, Alphonse, 2001. "Numerical solution by iterative methods of a class of vintage capital models," Journal of Economic Dynamics and Control, Elsevier, vol. 25(5), pages 655-669, May.
    7. Mitra, Tapan & Ray, Debraj & Roy, Rahul, 1991. "The economics of orchards: An exercise in point-input, flow-output capital theory," Journal of Economic Theory, Elsevier, vol. 53(1), pages 12-50, February.
    8. Samuelson, Paul A, 1976. "Economics of Forestry in an Evolving Society," Economic Inquiry, Western Economic Association International, vol. 14(4), pages 466-492, December.
    9. Heaps, Terry, 1984. "The forestry maximum principle," Journal of Economic Dynamics and Control, Elsevier, vol. 7(2), pages 131-151, May.
    10. 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.
    11. Tahvonen, Olli & Salo, Seppo & Kuuluvainen, Jari, 2001. "Optimal forest rotation and land values under a borrowing constraint," Journal of Economic Dynamics and Control, Elsevier, vol. 25(10), pages 1595-1627, October.
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    Citations

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    Cited by:

    1. Meilby, Henrik & Brazee, Richard J., 12. "Sustainibility and Long-term Dynamics of Forests: Methods and Metrics for Detection of Convergence and Stationarity," Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics, Scandinavian Society of Forest Economics, issue 40, May.
    2. Fabbri, Giorgio & Faggian, Silvia & Freni, Giuseppe, 2015. "On the Mitra–Wan forest management problem in continuous time," Journal of Economic Theory, Elsevier, vol. 157(C), pages 1001-1040.
    3. Adriana Piazza & Bernardo Pagnoncelli, 2015. "The stochastic Mitra–Wan forestry model: risk neutral and risk averse cases," Journal of Economics, Springer, vol. 115(2), pages 175-194, June.
    4. Lintunen, Jussi & Uusivuori, Jussi, 2016. "On the economics of forests and climate change: Deriving optimal policies," Journal of Forest Economics, Elsevier, vol. 24(C), pages 130-156.
    5. Heaps, Terry, 2015. "Convergence of optimal harvesting policies to a normal forest," Journal of Economic Dynamics and Control, Elsevier, vol. 54(C), pages 74-85.
    6. Jussi Lintunen & Jussi Uusivuori, 2014. "On The Economics of Forest Carbon: Renewable and Carbon Neutral But Not Emission Free," Working Papers 2014.13, Fondazione Eni Enrico Mattei.
    7. Ali Khan, M. & Piazza, Adriana, 2012. "On the Mitra–Wan forestry model: A unified analysis," Journal of Economic Theory, Elsevier, vol. 147(1), pages 230-260.
    8. Salant, Stephen W., 2013. "The equilibrium price path of timber in the absence of replanting: does Hotelling rule the forests too?," Resource and Energy Economics, Elsevier, vol. 35(4), pages 572-581.
    9. Khazri, Olfa & Lasserre, Pierre, 2011. "Forest management: Are double or mixed rotations preferable to clear cutting?," Resource and Energy Economics, Elsevier, vol. 33(1), pages 155-171, January.
    10. Khan, M. Ali, 2016. "On a forest as a commodity and on commodification in the discipline of forestry," Forest Policy and Economics, Elsevier, vol. 72(C), pages 7-17.
    11. Khan, M. Ali & Piazza, Adriana, 2011. "Classical turnpike theory and the economics of forestry," Journal of Economic Behavior & Organization, Elsevier, vol. 79(3), pages 194-210, August.
    12. Örjan FURTENBACK, "undated". "Towards a Functional Ecol-Econ CGE Model with a Forest as Biomass Capital," EcoMod2009 21500034, EcoMod.
    13. Xabadia, Angels & Goetz, Renan U., 2010. "The optimal selective logging regime and the Faustmann formula," Journal of Forest Economics, Elsevier, vol. 16(1), pages 63-82, January.
    14. Sinha, Ankur & Rämö, Janne & Malo, Pekka & Kallio, Markku & Tahvonen, Olli, 2017. "Optimal management of naturally regenerating uneven-aged forests," European Journal of Operational Research, Elsevier, vol. 256(3), pages 886-900.
    15. Couture, Stéphane & Cros, Marie-Josée & Sabbadin, Régis, 2016. "Risk aversion and optimal management of an uneven-aged forest under risk of windthrow: A Markov decision process approach," Journal of Forest Economics, Elsevier, vol. 25(C), pages 94-114.
    16. Gaspard Dumollard & Stéphane De Cara, 2017. "Land allocation between a multiple-stand forest and agriculture under storm risk and recursive preferences," Post-Print hal-01671595, HAL.
    17. Cunha-e-Sá, Maria A. & Rosa, Renato & Costa-Duarte, Clara, 2013. "Natural carbon capture and storage (NCCS): Forests, land use and carbon accounting," Resource and Energy Economics, Elsevier, vol. 35(2), pages 148-170.
    18. Silvia Faggian & Giuseppe Freni, 2015. "A Ricardian Model of Forestry," Working Papers 2015:12, Department of Economics, University of Venice "Ca' Foscari", revised 2015.
    19. Olfa Khazri & Pierre Lasserre, 2008. "Forest Management: are Double or Mixed Rotations Desirable?," CIRANO Working Papers 2008s-19, CIRANO.
    20. Duarte, Clara Costa & Sa, Maria A. Cunha e, 2006. "Forest vintages and carbon sequestration," FEUNL Working Paper Series wp482, Universidade Nova de Lisboa, Faculdade de Economia.
    21. Coordes, Renke, 2016. "The emergence of forest age structures as determined by uneven-aged stands and age class forests," Journal of Forest Economics, Elsevier, vol. 25(C), pages 160-179.
    22. Duarte, Clara Costa & Sa, Maria A. Cunha e, 2006. "Continuous versus Discrete Time Forest Management Models with Carbon Sequestration Benefits," FEUNL Working Paper Series wp497, Universidade Nova de Lisboa, Faculdade de Economia.
    23. Terry Heaps, 2014. "Convergence of Optimal Harvesting Policies to a Normal Forest," Discussion Papers dp14-01, Department of Economics, Simon Fraser University.
    24. Tahvonen, Olli, 2009. "Economics of harvesting age-structured fish populations," Journal of Environmental Economics and Management, Elsevier, vol. 58(3), pages 281-299, November.
    25. Piazza, Adriana & Roy, Santanu, 2015. "Deforestation and optimal management," Journal of Economic Dynamics and Control, Elsevier, vol. 53(C), pages 15-27.

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