Wicksellian theory of forest rotation under interest rate variability
نویسندگان
چکیده
منابع مشابه
Wicksellian Theory of Forest Rotation under Interest Rate Variability
The current literature on optimal forest rotation makes the assumption of constant interest rate. However, the irreversible harvesting decisions of forest stands are typically subject to relatively long time horizons over which interest rate do fluctuate. In this paper we apply the Wicksellian single rotation framework to extend the existing studies to cover the unexplored case of variable and ...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2005
ISSN: 0165-1889
DOI: 10.1016/j.jedc.2004.03.002