The Harvesting Decisions When a Standing Forest with Multiple Age-Classes Has Value

Jussi Uusivuori and Jari Kuuluvainen

American Journal of Agricultural Economics, 2005, vol. 87, issue 1, 61-76

Abstract: A solution is demonstrated to an infinite-horizon, discrete-time utility model describing the consumption and cutting behavior of a nonindustrial private landowner who is managing a multiple age-class forest and who values both consumption derived from harvesting the trees and amenity derived from the standing trees. A policy rule is derived to attain a normal forest from any initial age-class distribution. It is demonstrated that a noncyclical forest allowing a constant periodic harvest is typically not a normal forest. Therefore, an even-flow timber harvesting is not tied to the existence of a normal forest structure. Copyright 2005, Oxford University Press.

Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
http://hdl.handle.net/10.1111/j.0002-9092.2005.00702.x (application/pdf)
Access to full text is restricted to subscribers.

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:oup:ajagec:v:87:y:2005:i:1:p:61-76

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().