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A Note on the Optimal Rotation Period in a Synchronized Normal Forest

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Abstract:

This note compares three alternative rules for choosing the optimal age for cutting trees. The first is the Faustmann-Pressler-Ohlin rule, the second is a rule for the "divisible capital" forest that has been proposed by Oderwald and Duerr, and the third is a rule for a synchronized "normal" forest, i.e., in a case where there is a steady-state constraint. A few comments on the relevance of the latter rule are given. For. Sci. 37(4):1201-1206.

Keywords: Sustainable yield; land expectation value; timber supply

Document Type: Miscellaneous

Affiliations: Acting Professor, Department of Economics, University of Umeå, S-901 87 Umeå, Sweden

Publication date: September 1, 1991

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