... that the reservation price strategy remains optimal for the harvesting decision of agro-forests: when the timber price is higher than the reservation price, poplar trees should be harvested to end agroforestry; otherwise, the trees should be retained. Numerical results are presented for sample agro-forest stands...

... and consumers. This paper assesses these impacts in a hypothetical timber market, using the Faustmann rule (FR) as a benchmark. The results show that changing from the FR to the reservation price strategy (RPS) reduces the supply of timber, thereby pushes up the price level. The RPS significantly reduces...

....) and Norway spruce (Picea abies L. Karst.) in northern Sweden. The optimal stock of each species is formulated as a parametric function of stand age and stumpage prices of the respective species. A reservation price function is constructed to determine the optimal time of clearcut based...

... intensity, and a reservation price function for determining the time of final harvest. Optimal stocking level is modelled as a function of stand age and stumpage price. The reservation price function is formulated using stand age and standing timber stock as independent variables. The coefficients...

... the annual timber growth rate is lower than the critical rate, there exists an age-dependent reservation price and it is optimal to harvest when the observed price is equal to or greater than the reservation price. The optimal harvest policy when timber price process is random walk has similar properties...