In two recent papers, Asante and Armstrong (2012) and Asante et al. (2011) considered the question of optimal harvest ages. They found that the larger are the initial pools of dead organic matter (DOM) and wood products, the shorter is the optimal rotation period. In this note, it is found that this conclusion follows from the fact that the authors ignored all release of carbon from decomposition of DOM and wood products after the time of the first harvest. When this is corrected for, the sizes of the initial stocks of DOM and wood products do not influence the optimal rotation period. Moreover, in contrast to the conclusions in the two mentioned papers, our numerical analysis indicates that inclusion of DOM in the model leads to longer, not shorter, rotation periods.
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1 January 2013
Research Article|
January 01 2013
Optimal harvest age considering multiple carbon pools – A comment✰ Available to Purchase
Bjart Holtsmark;
Bjart Holtsmark
*
a
Statistics Norway
, Kongens Gate 6, N-0033 Oslo, Norway
*Corresponding author. E-mail addresses: bjart.holtsmark@ssb.no (B. Holtsmark), m.o.hoel@econ.uio.no (M. Hoel), k.k.holtsmark@econ.uio.no (K. Holtsmark).
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Michael Hoel;
Michael Hoel
b
Department of Economics, University of Oslo
, Norway
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Katinka Holtsmark
Katinka Holtsmark
b
Department of Economics, University of Oslo
, Norway
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*Corresponding author. E-mail addresses: bjart.holtsmark@ssb.no (B. Holtsmark), m.o.hoel@econ.uio.no (M. Hoel), k.k.holtsmark@econ.uio.no (K. Holtsmark).
✰The authors gratefully acknowledge valuable comments and suggestions from Peichen Gong. While carrying out this research the authors have been associated with the Oslo Centre for Research on Environmentally friendly Energy (CREE). CREE is supported by the Research Council of Norway. The work has also been supported by the Norwegian Research Council through the project “Environmentally friendly transport: How to design policies for sustainable introduction of biofuels”.
Received:
June 19 2012
Accepted:
September 19 2012
Online ISSN: 1618-1530
Print ISSN: 1104-6899
© 2012 Department of Forest Economics, Swedish University of Agricultural Sciences, Umeå. Published by Elsevier GmbH
2012
Department of Forest Economics, Swedish University of Agricultural Sciences, Umeå. Published by Elsevier GmbH
Licensed re-use rights only
Journal of Forest Economics (2013) 19 (1): 87–95.
Article history
Received:
June 19 2012
Accepted:
September 19 2012
Citation
Holtsmark B, Hoel M, Holtsmark K (2013), "Optimal harvest age considering multiple carbon pools – A comment✰". Journal of Forest Economics, Vol. 19 No. 1 pp. 87–95, doi: https://doi.org/10.1016/j.jfe.2012.09.002
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