Pressler's indicator rate formula as a guide for forest management

Sun Joseph Chang and Peter Deegen

Journal of Forest Economics, 2011, vol. 17, issue 3, 258-266

Abstract: In this paper, it is shown that Pressler's indicator rate formula is also the optimal condition for the determination of the optimal harvest age under the generalized Faustmann formula. In addition, a modern treatment of the quantity increment, quality increment, and price increment is presented. Pressler's indicator rate formula is then applied to determine the optimal harvest age in a dynamic world of unanticipated changes.

Keywords: Pressler; Indicator; rate; Generalized; Faustmann; formula; Quantity; increment; Quality; increment; Price; increment; Dynamic; world; Ex; ante; analysis; Ex; post; analysis; Unanticipated; changes (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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