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Optimal stocking level and final harvest age with stochastic prices

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  • Lu, Fadian
  • Gong, Peichen
  • Lu, Fadian

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  • Lu, Fadian & Gong, Peichen & Lu, Fadian, 2003. "Optimal stocking level and final harvest age with stochastic prices," Journal of Forest Economics, Elsevier, vol. 9(2), pages 119-136.
    • Handle: RePEc:eee:foreco:v:9:y:2003:i:2:p:119-136
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    References listed on IDEAS

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    1. Thomas A. Thomson, 1992. "Optimal Forest Rotation When Stumpage Prices Follow a Diffusion Process," Land Economics, University of Wisconsin Press, vol. 68(3), pages 329-342.
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    Cited by:

    1. Nana, Tian & Lu, Fadian, 2013. "Adaptive management decision of agroforestry under timber price risk," Journal of Forest Economics, Elsevier, vol. 19(2), pages 162-173.
    2. Favada, Ibrahim M. & Kuuluvainen, Jari & Uusivuori, Jussi, 2007. "Optimal timber stock in Finnish nonindustrial private forests," Forest Policy and Economics, Elsevier, vol. 9(5), pages 527-535, January.
    3. Lu, Fadian & Gong, Peichen, 2005. "Adaptive thinning strategies for mixed-species stand management with stochastic prices," Journal of Forest Economics, Elsevier, vol. 11(1), pages 53-71, June.
    4. Chang, Sun Joseph & Zhang, Fan, 2023. "Active timber management by outsourcing stumpage price uncertainty with the American put option," Forest Policy and Economics, Elsevier, vol. 154(C).
    5. Tahvonen, Olli & Suominen, Antti & Malo, Pekka & Viitasaari, Lauri & Parkatti, Vesa-Pekka, 2022. "Optimizing high-dimensional stochastic forestry via reinforcement learning," Journal of Economic Dynamics and Control, Elsevier, vol. 145(C).
    6. Chladna, Zuzana, 2007. "Determination of optimal rotation period under stochastic wood and carbon prices," Forest Policy and Economics, Elsevier, vol. 9(8), pages 1031-1045, May.
    7. Susaeta, Andres & Adams, Damian C. & Gonzalez-Benecke, Carlos, 2017. "Economic vulnerability of southern US slash pine forests to climate change," Journal of Forest Economics, Elsevier, vol. 28(C), pages 18-32.

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