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Discussion Paper: König-Faustmannism: A Critique

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The König-Faustmann form of marginal analysis derives a valid estimate of the financially optimal rotation for individual trees and other indivisible forest capital: forests whose age-class structure is not to be changed. For divisible capital, the applicable form of the marginal model derives a shorter rotation because it allows for interactions among forest compartments. For. Sci. 36(1):169-174.
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Keywords: Gottlob König; Martin Faustmann; current net worth; financial maturity; land-expectation value; marginal revenue and cost; maximum net return; optimal timber rotation

Document Type: Discussion

Affiliations: Distinguished Professor at the State University of New York, Syracuse; more Recently Thomas M. Brooks Professor of Forestry, Forestry Department, VPI & SU

Publication date: 1990-03-01

More about this publication?
  • 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.
    Forest Science is published bimonthly in February, April, June, August, October, and December.

    2016 Impact Factor: 1.782 (Rank 17/64 in forestry)

    Average time from submission to first decision: 62.5 days*
    June 1, 2016 to Feb. 28, 2017

    Also published by SAF:
    Journal of Forestry
    Other SAF Publications
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