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THE HARVESTING DECISION WHENA STANDING FOREST HAS VALUEA
Author(s) -
HARTMAN RICHARD
Publication year - 1976
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.1976.tb00377.x
Subject(s) - recreation , forest management , value (mathematics) , business , natural resource economics , economics , agroforestry , environmental science , ecology , mathematics , biology , statistics
This paper analyzes the optimal harvest age of a forest if the forest provides a flow of valuable services while standing in addition to the value of the timber when it is harvested. A basic conclusion is that the presence of recreational or other services provided by a standing forest may well have an important impact on when or whether to harvest.