An economic analysis of thinnings and rotation lengths in the presence of natural risks in even-aged forest stands

Andreas Halbritter, Peter Deegen and Andres Susaeta

Forest Policy and Economics, 2020, vol. 118, issue C

Abstract: A harvest scheduling model when the natural risk is not only dependent on the age of the forest stand but also on the stock density is presented in this paper. In addition, damages to human lives, human health and infrastructure caused by natural risks are incorporated. Using a conditional current value approach, the optimal thinning and rotation length conditions are determined and used for the qualitative analysis of the course of the optimal volume path under different risks. Also the impacts of external variables such as stand age, interest rate, timber price and damages to human lives etc. to the optimal harvest schedules are derived. The results and dependencies are discussed in detail and compared to findings presented in the literature.

Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1389934120301027
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:118:y:2020:i:c:s1389934120301027

DOI: 10.1016/j.forpol.2020.102223

Access Statistics for this article

Forest Policy and Economics is currently edited by M. Krott

More articles in Forest Policy and Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().