Optimum forest rotation in an imperfect stumpage market with a changing demand function.
The behavior of optimum lengths of forest rotation periods under conditions of imperfect markets and nonconstant real price behavior for stumpage was examined to determine the proper evaluation criteria. It was found that optimum rotation periods decrease as the real price of stumpage increases exp...
| Publicado en: | Land Economics Vol. 67; pp. 240 - 255 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
University of Wisconsin Press
May 1991
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512342522&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512342522 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00237639 LAE jtl: Land Economics issn: 00237639 maglogo: N pubinfo: dt: May 1991 vid: 67 pid: 249 pub: University of Wisconsin Press artinfo: ui: 512342522 10.2307/3146414 ppf: 240 ppct: 15 formats: tig: atl: Optimum forest rotation in an imperfect stumpage market with a changing demand function. aug: au: Sandhu, Gurmit S. Phillips, William E. su: Forest management Mathematical models Forests & forestry -- Economic aspects Timber Prices sug: subj: Forest management Mathematical models Forests & forestry -- Economic aspects Timber Prices ab: The behavior of optimum lengths of forest rotation periods under conditions of imperfect markets and nonconstant real price behavior for stumpage was examined to determine the proper evaluation criteria. It was found that optimum rotation periods decrease as the real price of stumpage increases exponentially in the absence of a structural change in the demand functions for stumpage. It was also found that if the downward sloping demand curve is constant within every rotation and shifts at the start of any rotation, the length of optimum rotation increases if the demand function becomes less elastic and decreases if the demand function becomes more elastic. Lastly, if demand is increasing exponentially within every rotation and undergoes a shift at the beginning of a rotation, the relationship between lengths of the optimum rotation periods depend on the magnitude and direction of the change in elasticity. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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