THE COMPARATIVE STATICS OF THE FAUSTMANN MODEL OF FOREST MANAGEMENT

Theodore Graham-Tomasi

No 14215, Staff Papers from University of Minnesota, Department of Applied Economics

Abstract: The solution to the problem of how long a present valve maximizing forester should let trees grow has a long history in the literature of economics and forestry. Until recently, however, the comparative statics of the forestry problem when there are two decision variables, an initial input at the time of regeneration of the stand and the rotation period, had not been investigated. In this paper we offer a generalization, clarification, and extension of some recent works in this area.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 36
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umaesp:14215

DOI: 10.22004/ag.econ.14215

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