Economic balancing of forest management under storm risk, the case of the Ore Mountains (Germany)

Peter Deegen and Kai Matolepszy

Journal of Forest Economics, 2015, vol. 21, issue 1, 1-13

Abstract: Storm events shorten the optimal rotation compared with the classical Faustmann solution.

Keywords: Faustmann formula; Expectation value; Survival probability; Neighbourhood-protectioneffect; Profitability; Norway spruce (search for similar items in EconPapers)
JEL-codes: D92 Q23 Q54 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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DOI: 10.1016/j.jfe.2014.10.005

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