메뉴 건너뛰기




Volumn 105, Issue 1, 1998, Pages 100-112

Searching for an optimal rotation age for forest stand management under stochastic log prices

Author keywords

Agriculture; Forest economics; Stochastic differential equation; Stochastic dynamic programming

Indexed keywords

AGRICULTURE; COSTS; DIFFERENTIAL EQUATIONS; DYNAMIC PROGRAMMING; ECONOMICS; LOGGING (FORESTRY);

EID: 0032001773     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0377-2217(97)00040-4     Document Type: Article
Times cited : (27)

References (15)
  • 1
    • 0002909927 scopus 로고
    • On entropy maximization principle
    • P.R. Krishnaiah (ed.), North-Holland, Amsterdam
    • Akaike, H. (1977), "On entropy maximization principle", in: P.R. Krishnaiah (ed.), Application of Statistics, North-Holland, Amsterdam.
    • (1977) Application of Statistics
    • Akaike, H.1
  • 2
    • 0005790854 scopus 로고
    • Valuing agricultural firms: An examination of the contingent-claims approach to pricing real assets
    • Bailey, W. (1991), "Valuing agricultural firms: An examination of the contingent-claims approach to pricing real assets", Journal of Economic Dynamics and Control 15, 771-791.
    • (1991) Journal of Economic Dynamics and Control , vol.15 , pp. 771-791
    • Bailey, W.1
  • 3
    • 77956817141 scopus 로고
    • Multiple use management of public forestlands
    • A.V. Kneese and J.L. Sweeney (eds.), North-Holland, Amsterdam
    • Bowes, M.D., and Krutilla, J.V. (1985), "Multiple use management of public forestlands", in: A.V. Kneese and J.L. Sweeney (eds.), Handbook of Natural Resource and Energy Economics Vol II, North-Holland, Amsterdam.
    • (1985) Handbook of Natural Resource and Energy Economics Vol II , vol.2
    • Bowes, M.D.1    Krutilla, J.V.2
  • 4
    • 0001603924 scopus 로고
    • Evaluating natural resource investments
    • Brennan, M.J., and Schwartz, E.S. (1985), "Evaluating natural resource investments", Journal of Business 58, 135-157.
    • (1985) Journal of Business , vol.58 , pp. 135-157
    • Brennan, M.J.1    Schwartz, E.S.2
  • 7
    • 0001954355 scopus 로고
    • On the determination of the value which forest land and immature stands possess for forestry
    • M. Gane (ed.), Institute Paper of the Commonwealth Forestry Institute
    • Faustmann, M. (1849), "On the determination of the value which forest land and immature stands possess for forestry", in: M. Gane (ed.), Martin Faustmann and the Evolution of Discounted Cash Flow, Institute Paper of the Commonwealth Forestry Institute, 42.
    • (1849) Martin Faustmann and the Evolution of Discounted Cash Flow , pp. 42
    • Faustmann, M.1
  • 11
    • 0000888844 scopus 로고
    • Irreversible investment, capacity choice, and the value of the firm
    • Pindyck, R.S. (1988), "Irreversible investment, capacity choice, and the value of the firm", American Economic Review 78, 969-985.
    • (1988) American Economic Review , vol.78 , pp. 969-985
    • Pindyck, R.S.1
  • 12
    • 4043147979 scopus 로고
    • A flexible growth function to empirical use
    • Richards, F.J. (1958), "A flexible growth function to empirical use", Journal of Experimental Botany 10, 290-300.
    • (1958) Journal of Experimental Botany , vol.10 , pp. 290-300
    • Richards, F.J.1
  • 13
    • 85005196746 scopus 로고
    • Economics of forestry in an evolving society
    • Samuelson, P.A. (1976), "Economics of forestry in an evolving society", Economic Inquiry 14, 466-492.
    • (1976) Economic Inquiry , vol.14 , pp. 466-492
    • Samuelson, P.A.1
  • 14
    • 0000963630 scopus 로고
    • Optimal forest rotation when stumpage prices follow a diffusion process
    • Thomson, T.A. (1992), "Optimal forest rotation when stumpage prices follow a diffusion process", Land Economics 68, 329-342.
    • (1992) Land Economics , vol.68 , pp. 329-342
    • Thomson, T.A.1
  • 15
    • 0000719111 scopus 로고
    • Option pricing and timberland's land-use conversion option
    • Zinkhan, F.C. (1991), "Option pricing and timberland's land-use conversion option", Land Economics 67, 317-325.
    • (1991) Land Economics , vol.67 , pp. 317-325
    • Zinkhan, F.C.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.