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Keywords: Monte Carlo
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Journal Articles
Journal:
Journal of Forest Economics
Journal of Forest Economics (2018) 32 (1): 106–115.
Published: 01 August 2018
... of the prices and exchange rates for international forest products, and their possible impacts are addressed by applying a Monte Carlo approach. A probabilistic approach in modelling is found to have significant impacts on harvest and forest industry production levels. When uncertainty is included, the relative...
