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Keywords: risk-aversion
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Journal Articles
Journal:
Journal of Forest Economics
Journal of Forest Economics (1999) 5 (1): 123–138.
Published: 31 March 1999
...Peichen Gong Diversification of management alternatives is an important, yet neglected issue in forestry decision making under conditions of uncertainty and when the forest owner is risk-averse. This paper presents a model for determining the optimal diversification strategy for clearcut...
