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Keywords: Optimal subsidy
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Journal Articles
Journal:
Journal of Forest Economics
Journal of Forest Economics (2014) 20 (1): 65–76.
Published: 01 January 2014
... in an empirical test of the model, which in this case predicts an optimal subsidy of 254.38 yuan/ha over 40 years. This would guarantee the maintenance of forest on land designated for afforestation until they reached the socially optimal rotation age. The method presented herein offers a new framework...
