Real options in the forest: What if prices are mean-reverting?

Forest Policy and Economics

Volumn 4, Issue 1, 2002, Pages 13-20

  Gjolberg, Ole ^a   Guttormsen, Atle G ^a  

^a NORWEGIAN UNIVERSITY OF LIFE SCIENCES   (Norway)

Author keywords

Forest valuation; Mean reversion; Real options; Rotation

Indexed keywords

EID: 0036240016     PISSN: 13899341     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1389-9341(01)00076-4     Document Type: Article

References (36)

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10. Stochastic price models and optimal tree cutting: Results for Lobolly pine
11. Informational efficiency of markets for stumpage: Comment
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28. Informational efficiency of markets for stumpage
29. A note on the tree-cutting problem in a stochastic environment
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