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Continuous timber harvest — Costly restriction or profitable solution?

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  • Wildberg, Johannes
  • Möhring, Bernhard

Abstract

In timber production, sustainability means maintaining resources by balancing timber harvest with timber growth. In forest management, sustainability also refers to a constant and steady flow of income. The aim of this study is to resolve the contradiction, whether a sustainable/continuous flow of timber income is a costly (income-reducing) restriction, or a comparatively profitable (income-increasing) solution. For that we relax the common assumption of a perfect capital market and consider differing borrowing and lending rates to incorporate the aspect of financial viability into forest management decisions.

Suggested Citation

  • Wildberg, Johannes & Möhring, Bernhard, 2021. "Continuous timber harvest — Costly restriction or profitable solution?," Forest Policy and Economics, Elsevier, vol. 123(C).
    • Handle: RePEc:eee:forpol:v:123:y:2021:i:c:s1389934120306754
    DOI: 10.1016/j.forpol.2020.102349
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    References listed on IDEAS

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