메뉴 건너뛰기




Volumn 49, Issue 5, 2003, Pages 647-656

Risk-Aversion and the Short-Run Supply of Timber

Author keywords

Mean variance analysis; Optimal portfolio; Price uncertainty; Timber harvest

Indexed keywords

HARVESTING; RENEWABLE ENERGY RESOURCES; TIMBER;

EID: 0142126867     PISSN: 0015749X     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (29)

References (20)
  • 1
    • 0024159867 scopus 로고
    • Timber harvesting with fluctuating prices
    • BRAZEE, R., AND R. MENDELSOHN. 1988. Timber harvesting with fluctuating prices. For. Sci. 34:359-372.
    • (1988) For. Sci. , vol.34 , pp. 359-372
    • Brazee, R.1    Mendelsohn, R.2
  • 2
    • 0004179505 scopus 로고
    • Private nonindustrial forest owners' management behavior: An economic analysis based on empirical data
    • CARLEN, O. 1990. Private nonindustrial forest owners' management behavior: An economic analysis based on empirical data. Swedish Univ. of Agric. Sci., Dep. of For. Econ., Rep. 92. 104 p.
    • (1990) Swedish Univ. of Agric. Sci., Dep. of For. Econ., Rep. , vol.92
    • Carlen, O.1
  • 3
    • 0024155593 scopus 로고
    • A stochastic efficiency approach for determining the economic rotation of a forest stand
    • CAULFIELD, J.P. 1988. A stochastic efficiency approach for determining the economic rotation of a forest stand. For. Sci. 34:441-457.
    • (1988) For. Sci. , vol.34 , pp. 441-457
    • Caulfield, J.P.1
  • 4
    • 0029810853 scopus 로고    scopus 로고
    • A strategy for multiproduct stand management with uncertain future prices
    • FORBOSEH, P.F., R.J. BRAZEE, AND J.B. PICKENS. 1996. A strategy for multiproduct stand management with uncertain future prices. For. Sci. 42:58-66.
    • (1996) For. Sci. , vol.42 , pp. 58-66
    • Forboseh, P.F.1    Brazee, R.J.2    Pickens, J.B.3
  • 5
    • 0032213086 scopus 로고    scopus 로고
    • Risk preferences and adaptive harvest policies for even-aged stand management
    • GONG, P. 1998. Risk preferences and adaptive harvest policies for even-aged stand management. For. Sci. 44:496-506.
    • (1998) For. Sci. , vol.44 , pp. 496-506
    • Gong, P.1
  • 6
    • 0025586237 scopus 로고
    • Feedback thinning policies for uneven-aged stand management with stochastic prices
    • HAIGHT, R.G. 1990. Feedback thinning policies for uneven-aged stand management with stochastic prices. For. Sci. 36:1015-1031.
    • (1990) For. Sci. , vol.36 , pp. 1015-1031
    • Haight, R.G.1
  • 7
    • 0034525510 scopus 로고    scopus 로고
    • Market model with long-term effects - Empirical evidence from Finnish forestry returns
    • HEIKKINEN, V.-P., AND A. KANTO. 2000. Market model with long-term effects - empirical evidence from Finnish forestry returns. Silva Fenn. 34:61-69.
    • (2000) Silva Fenn. , vol.34 , pp. 61-69
    • Heikkinen, V.-P.1    Kanto, A.2
  • 9
    • 0024430743 scopus 로고
    • Forest taxation and timber supply under price uncertainty: Perfect capital markets
    • KOSKELA, E. 1989. Forest taxation and timber supply under price uncertainty: Perfect capital markets. For. Sci. 35:137-159.
    • (1989) For. Sci. , vol.35 , pp. 137-159
    • Koskela, E.1
  • 10
    • 0031894606 scopus 로고    scopus 로고
    • Tax incidence and optimal forest taxation under stochastic demand
    • KOSKELA, E., AND M. OLLIKAINEN. 1998. Tax incidence and optimal forest taxation under stochastic demand. For. Sci. 44:4-16.
    • (1998) For. Sci. , vol.44 , pp. 4-16
    • Koskela, E.1    Ollikainen, M.2
  • 12
    • 0032706041 scopus 로고    scopus 로고
    • Testing the forest rotation model: Evidence from panel data
    • KUULUVAINEN, J., AND O. TAHVONEN. 1999. Testing the forest rotation model: Evidence from panel data. For. Sci. 45:539-551.
    • (1999) For. Sci. , vol.45 , pp. 539-551
    • Kuuluvainen, J.1    Tahvonen, O.2
  • 13
    • 0000325777 scopus 로고
    • Pulse extraction under risk and a numerical forestry application
    • LOHMANDER, P. 1988. Pulse extraction under risk and a numerical forestry application. Syst. Anal. Model. Simul. 5(4):339-354.
    • (1988) Syst. Anal. Model. Simul. , vol.5 , Issue.4 , pp. 339-354
    • Lohmander, P.1
  • 15
    • 84995186518 scopus 로고
    • Portfolio selection
    • MARKOWITZ, H. 1952. Portfolio selection. J. Financ. 7:77-91.
    • (1952) J. Financ. , vol.7 , pp. 77-91
    • Markowitz, H.1
  • 16
    • 0025585919 scopus 로고
    • Forest taxation and the harvesting timing from private nonindustrial forests under interest rate uncertainty
    • OLLIKAINEN, M. 1990. Forest taxation and the harvesting timing from private nonindustrial forests under interest rate uncertainty. Can. J. For. Res. 20:1823-1829.
    • (1990) Can. J. For. Res. , vol.20 , pp. 1823-1829
    • Ollikainen, M.1
  • 17
    • 0027747491 scopus 로고
    • A mean-variance approach to short-term timber selling and forest taxation under multiple sources of uncertainty
    • OLLIKAINEN, M. 1993. A mean-variance approach to short-term timber selling and forest taxation under multiple sources of uncertainty. Can. J. For. Res. 23:573-581.
    • (1993) Can. J. For. Res. , vol.23 , pp. 573-581
    • Ollikainen, M.1
  • 18
    • 0142127609 scopus 로고    scopus 로고
    • Return, risk and competitiveness of non-industrial private forest (NIPF) ownership
    • pap. #19
    • PENTTINEN, M., AND A. LAUSTI. 1999. Return, risk and competitiveness of non-industrial private forest (NIPF) ownership. Scand. For. Econ. 37, pap. #19. 34p.
    • (1999) Scand. For. Econ. , vol.37
    • Penttinen, M.1    Lausti, A.2
  • 19
    • 0001619239 scopus 로고
    • Optimum planting density and rotation age based on financial risk and return
    • TAYLOR, R.G., AND J.C. FORTSON. 1991. Optimum planting density and rotation age based on financial risk and return. For. Sci. 37:886-902.
    • (1991) For. Sci. , vol.37 , pp. 886-902
    • Taylor, R.G.1    Fortson, J.C.2
  • 20
    • 0001331396 scopus 로고
    • A scenario approach to stochastic anticipatory optimization in stand management
    • VALSTA, L.T. 1992. A scenario approach to stochastic anticipatory optimization in stand management. For. Sci. 38:430-447.
    • (1992) For. Sci. , vol.38 , pp. 430-447
    • Valsta, L.T.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.