.... The paper characterizes the land value function and the optimum rotations, highlighting the differences between this non-autonomous problem and the traditional Faustmann problem. We show that, from one harvest to the next until the switch, rotations can be constant and equal to the Faustmann rotation...

...Daowei Zhang Forest tenures are a set of complicated institutions that have played a significant role in the forest sector’s evolution in British Columbia. This paper analyzes the effect of forest tenure on land value. Various forms of tenure are briefly reviewed and a theoretical model...