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Keywords: D84
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Journal Articles
Journal of Forest Economics (2007) 13 (4): 217–243.
Published: 05 November 2007
... C61 D84 Q11 Q23 The reservation price strategy (RPS) is a conceptually superior and practically more attractive alternative to the Faustmann rule (FR) for forest harvest decisions. One of the fundamental assumptions underlying the FR is that the timber price is constant over time and known...

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