Continuous timber harvest — Costly restriction or profitable solution?

Johannes Wildberg and Bernhard Möhring

Forest Policy and Economics, 2021, vol. 123, issue C

Abstract: In timber production, sustainability means maintaining resources by balancing timber harvest with timber growth. In forest management, sustainability also refers to a constant and steady flow of income. The aim of this study is to resolve the contradiction, whether a sustainable/continuous flow of timber income is a costly (income-reducing) restriction, or a comparatively profitable (income-increasing) solution. For that we relax the common assumption of a perfect capital market and consider differing borrowing and lending rates to incorporate the aspect of financial viability into forest management decisions.

Keywords: Sustainability; Liquidity; Imperfect capital market; Differing borrowing and lending rates; Normal forest enterprise (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:123:y:2021:i:c:s1389934120306754

DOI: 10.1016/j.forpol.2020.102349

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