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Did Pressler Understand how to Use the Indicator Per Cent

  • Gong, Peichen

    ()

    (Faculty of Forest Sciences)

  • Löfgren, Karl-Gustaf

    ()

    (Department of Economics, Umeå University)

Registered author(s):

    A classical problem in forestry is the determination of the optimal rotation. This problem was solved during the 19th century, by German forest mathematicians. Martin Faustmann deserves some of the fame. However, he did not explicitly derive the conditions for an optimal solution. His contender is Max Robert Pressler. He invented the concept of Indicator Per Cent, which can be used to determine whether a stand is mature for harvesting or not. Did Pressler fully realize this? Having analyzed some of the relevant literature our answer is no.

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    File URL: http://www.econ.umu.se/DownloadAsset.action?contentId=46157&languageId=3&assetKey=ues764
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    Paper provided by Umeå University, Department of Economics in its series Umeå Economic Studies with number 764.

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    Length: 11 pages
    Date of creation: 18 Mar 2009
    Date of revision:
    Handle: RePEc:hhs:umnees:0764
    Contact details of provider: Postal: Department of Economics, Umeå University, S-901 87 Umeå, Sweden
    Phone: 090 - 786 61 42
    Fax: 090 - 77 23 02
    Web page: http://www.econ.umu.se/
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    1. Michael Scorgie & John Kennedy, 1996. "Who Discovered the Faustmann Condition?," History of Political Economy, Duke University Press, vol. 28(1), pages 77-80, Spring.
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