... in the Faustmann Model are presented. New results include: derivation of conditions for a sequences of optimal harvest ages and land expectation values, comparative statics results, conditions that must be satisfied for multiple optima, and proof that harvesting is never optimal immediately before a discrete...

... Department of Forest Economics, Swedish University of Agricultural Sciences, Umeå Licensed re-use rights only Density-dependent resources Even-aged management Faustmann model Forest management Interdependencies Intertemporal allocation Q23 D92 Neighboring trees in stands as well...

... rotation length. We start from the research by Lu and Chang (1996) and try to fill the gap between the stable site productivity (“best”) and the site mining (“worst”) cases. For that we extend the classical Faustmann model by availability of different recovering technologies. In general the model allows...

... the Faustmann model and the corresponding marginal rate of return (Pressler percent) to derive value increment rates of single trees taking into account neighbourhood effects due to competition between individual trees. Furthermore, optimal rotation periods and optimal final diameters for future trees...

...; fax: + 15402313698. E-mail address: jsulliv@vt.edu (J. Sullivan). 13 03 2006 16 08 2007 © 2008 Elsevier GmbH 2008 Elsevier GmbH Licensed re-use rights only Catastrophic damage Faustmann model Uncertainty Non-industrial forest landowners Q23 Q54 D81 Pine...