An economic analysis of thinning intensity and thinning type of a two-tiered even-aged Forest stand
Andreas Halbritter
Forest Policy and Economics, 2020, vol. 111, issue C
Abstract:
The issue of the optimal thinning type has occupied foresters since the beginnings of modern forestry. Thinning from below and thinning from above represent the two extreme solutions in a continuum of thinning types. This paper provides a general economic analysis of the thinning intensity dependent on the social class and the decision between thinning from below, above or both ends. Therefore, a two-tiered even-aged forest stand is assumed, in which only a dominant and a suppressed class of trees can be distinguished. Optimal thinning intensities are derived for each cohort to maximize the land expectation value and analyzed in a comparative static analysis. The results provide a general insight into the thinning type decision and identify conditions under which a certain thinning type is likely to be optimal. The findings are discussed in comparison to existing literature.
Keywords: Thinning type; Thinning from below; Thinning from above; Thinning intensity; Even-aged forest management; Two-tiered forest stand; Faustmann model; Growth competition (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:111:y:2020:i:c:s1389934119302205
DOI: 10.1016/j.forpol.2019.102054
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