Rotation Age, Management Intensity, and the Economic Factors of Timber Production: Do Changes in Stumpage Price, Interest Rate, Regeneration Cost, and Forest Taxation Matter?
This paper presents a rigorous analysis of the impact of changes in timber price and cost of production factors on the optimal rotation age and planting density. With the exception of the site preparation cost, changes in the price of other factors always lead to the possibility of uncertain results. Applying the results obtained to forest taxation shows that replacing an ad valorem property tax with a combination of site value tax and yield tax may produce results that are not intended. Forest Sci. 29:267-277.
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Keywords: Comparative statics analysis
Document Type: Journal Article
Affiliations: Assistant Professor, Department of Forestry, University of Kentucky, Lexington, KY 40546
Publication date: 1983-06-01
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Forest Science is a peer-reviewed journal publishing fundamental and applied research that explores all aspects of natural and social sciences as they apply to the function and management of the forested ecosystems of the world. Topics include silviculture, forest management, biometrics, economics, entomology & pathology, fire & fuels management, forest ecology, genetics & tree improvement, geospatial technologies, harvesting & utilization, landscape ecology, operations research, forest policy, physiology, recreation, social sciences, soils & hydrology, and wildlife management.
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June 1, 2016 to Feb. 28, 2017
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