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ON THE OPTIMAL FOREST HARVESTING DECISION
Author(s) -
STRANG WILLIAM J.
Publication year - 1983
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.1465-7295.1983.tb00655.x
Subject(s) - economics , natural resource economics , microeconomics , computer science
This paper deals with the problems of when and whether to harvest a stand of timber which provides valuable services intact as well as when harvested. The analysis extends a previous treatment with the result that it is optimal not to harvest more often and for a greater number of reasons than had been realized.