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The Comparative Statics Of The Faustmann Model Of Forest Management

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  • Graham-Tomasi, Theodore

Abstract

The solution to the problem of how long a present valve maximizing forester should let trees grow has a long history in the literature of economics and forestry. Until recently, however, the comparative statics of the forestry problem when there are two decision variables, an initial input at the time of regeneration of the stand and the rotation period, had not been investigated. In this paper we offer a generalization, clarification, and extension of some recent works in this area.

Suggested Citation

  • Graham-Tomasi, Theodore, 1983. "The Comparative Statics Of The Faustmann Model Of Forest Management," Staff Papers 14215, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:14215
    DOI: 10.22004/ag.econ.14215
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    References listed on IDEAS

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    1. 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.
    2. Lyon, Kenneth S., 1981. "Mining of the forest and the time path of the price of timber," Journal of Environmental Economics and Management, Elsevier, vol. 8(4), pages 330-344, December.
    3. Samuelson, Paul A, 1976. "Economics of Forestry in an Evolving Society," Economic Inquiry, Western Economic Association International, vol. 14(4), pages 466-492, December.
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