ON SOME ASPECTS OF THE MANAGEMENT OF A STOCHASTICALLY DEVELOPING FOREST

Amitrajeet Batabyal

No 28361, Economics Research Institute, ERI Study Papers from Utah State University, Economics Department

Abstract: In this paper I focus on some important biological aspects of the forest management problem. I model a stochastically developing forest as a multidimensional, continuous-time Markov chain. Next, I pose three questions concerning the long-run characteristics of a stationary forest, the stochastic process followed by dying species, and the age of an arbitrary species in the forest. I then (a) characterize a stationary forest probabilistically, (b) describe the stochastic process governing the demise of species in this forest, and (c) provide a method for determining the age of an arbitrary species in the forest. Finally, I discuss the forest management implications of the issues raised in this paper.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 14
Date: 1996
Note: Published in Ecological Modelling 89(1-3, 1996):67-72.
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:usuesp:28361

DOI: 10.22004/ag.econ.28361

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