Principles and Policy in Forestry Economics
This article attempts a market-oriented, neoclassical interpretation of the classical optimum-rotation problem in forestry economics. The resulting model permits a rigorous derivation of the competitive entrepreneur's cost and production functions for timber output. This derivation provides the foundation for comparative statics and for the construction of an industry model of timber output. A tax issue is then examined to illustrate the usefulness of the model for policy purposes. Analytical extensions to treat general-equilibrium problems in forestry are also noted.
Volume (Year): 12 (1981)
Issue (Month): 1 (Spring)
|Contact details of provider:|| Web page: http://www.rje.org|
|Order Information:||Web: https://editorialexpress.com/cgi-bin/rje_online.cgi|
When requesting a correction, please mention this item's handle: RePEc:rje:bellje:v:12:y:1981:i:spring:p:300-309. 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: ()
If references are entirely missing, you can add them using this form.