Computing maximum willingness to pay with Faustmann's formula: Some special situations from New Zealand

Forest Policy and Economics

Volumn 2, Issue 2, 2001, Pages 179-193

  Manley, Bruce ^a   Bare, B Bruce ^b  

^a UNIVERSITY OF CANTERBURY   (New Zealand)

^b UNIVERSITY OF WASHINGTON   (United States)

Author keywords

Bare land value; Discount rate; Forest economics; Forest valuation; Income tax; Stand value

Indexed keywords

EID: 0009449058     PISSN: 13899341     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1389-9341(01)00044-2     Document Type: Article

References (6)

1. Campbell G.E., Colletti J.P. An investigation of the rule-of-thumb method of estimating after-tax rates of return. Forest Science. 36:(4):1990;878-893.
2. Davis L.S., Johnson K.N. Forest Management. 3rd ed. 1987;McGraw-Hill, NY, NY. 790 pp.
3. Faustmann M. Calculation of the value which forest land and immature stands possess for forestry. Reprinted in Journal of Forest Economics (1995). 1:(1):1849;7-44.
4. Klemperer W.D. Forest Resource Economics and Finance. 1996;McGraw-Hill, NY, NY. 551 pp.
5. McSoriley J., Herrington G. Forestry (as published in New Zealand Forms and Precedents) Title 50. 1994;Butterworths.
6. Forest Valuation Standards. Christchurch, NZ. 1999.