What is the relevance of option pricing for forest valuation in New Zealand?

Forest Policy and Economics

Volumn 12, Issue 4, 2010, Pages 299-307

  Manley, Bruce ^a   Niquidet, Kurt ^b  

^a UNIVERSITY OF CANTERBURY   (New Zealand)

^b NATURAL RESOURCES CANADA   (Canada)

Author keywords

Forest valuation; Option value; Rotation age; Stochastic prices

Indexed keywords

ABSOLUTE DIFFERENCE; FOREST VALUATIONS; LOG GRADES; LOG PRICES; NEW ZEALAND; OPTION PRICING; OPTION VALUATION; OPTION VALUE; PRACTICAL ISSUES; PRICE INCREASE; RANDOM WALK; SIMILAR PATTERN; STOCHASTIC DYNAMIC PROGRAMMING;

BLOWOUT PREVENTERS; COSTS; ECONOMICS; FORESTRY; HARVESTING; ROTATION; STOCHASTIC SYSTEMS;

COMMERCE;

COMMERCE; COSTS; ECONOMICS; FORESTRY; FORESTS; HARVESTING; NEW ZEALAND; RANDOM PROCESSES; ROTATION; VOLATILITY;

EID: 77950457432     PISSN: 13899341     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.forpol.2009.11.002     Document Type: Article

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