The stochastic rotation problem: A comment

Journal of Economic Dynamics and Control

Volumn 26, Issue 3, 2002, Pages 509-515

  Sødal, Sigbjørn ^a  

^a UNIVERSITY OF AGDER   (Norway)

Author keywords

Dynamic optimization; Forest growth; Markup pricing; Uncertainty

Indexed keywords

EID: 0009356058     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-1889(00)00076-2     Document Type: Article

References (4)

1. Brekke, K.A., Øksendal, B., 1994. Optimal switching in an economic activity under uncertainty. SIAM Journal on Control and Optimization 32 (4), 1021-1036.
2. Dixit, A., Pindyck, R.S., Sødal, S., 1999. A markup interpretation of optimal investment rules. The Economic Journal 109 (455), 179-189.
3. Faustmann, M., 1849. Berechnung des Werthes, welchen Waldboden sowie nach nicht haubare Holzbestande für die Weldwirtschaft besitzen. Allgemeine Forst und Jagd Zeitung 25, 441.
4. Willassen, Y., 1998. The stochastic rotation problem: a generalization of Faustmann's formula to stochastic forest growth. Journal of Economic Dynamics and Control 22, 573-596.