Optimal forestry control with variable forest area

Journal of Economic Dynamics and Control

Volumn 26, Issue 5, 2002, Pages 755-796

  Sahashi, Yoshinao ^a  

^a NAGOYA UNIVERSITY   (Japan)

Author keywords

Deforestation; Faustmann formula; Fisher formula

Indexed keywords

EID: 4544262627     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-1889(00)00079-8     Document Type: Article

References (9)

1. Faustmann, M., 1849. On the determination of the value which forest land and immature stands possess for forestry. In: Gane, M. (Ed.), 1968, Martin Faustmann and the Evolution of Discounted Cash Flow. Oxford Institute Paper 42.
2. Fisher, I., 1930. The Theory of Interest. Macmillan, New York.
3. Heaps, T., 1984. The forestry maximum principle. Journal of Economics Dynamics and Control 7, 131-151.
4. Johansson, P.O., Löfgren, K.G., 1985. The Economics of Forestry and Natural Resources. Basil Blackwell, Oxford.
5. Mitra, T., Wan Jr., H.Y., 1985. Some theoretical results on the economics of forestry. Review of Economic Studies 52, 262-282.
6. Mongomery, C.A., Adams, D.M., 1995. Optimal timber management policies. In: Bromley, D.W. (Ed.), The Handbook of Environmental Economics. Blackwell, Oxford, pp. 379-404.
7. Riesz, F., Sz-Nagy, B., 1990. Functional Analysis. Dover, New York.
8. Samuelson, P.A., 1976. Economics of forestry in an evolving society. Economic Inquiry 14, 466-492.
9. Wan Jr., H.Y., 1977. A generalized Wicksellian capital model - an application to forestry. In: Smith, L.V. (Ed.), Economics of Natural and Environmental Resources. Gordon and Breach, London, pp. 141-153.