Open AccessMANAGEMENT VARIATION AND PRICE EXPECTATIONS IN AN INTERTEMPORAL FOREST SECTOR MODEL
Author(s) -
Sallnäs Ola,
Eriksson Ljusk Ola
Publication year - 1989
Publication title -
natural resource modeling
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.28
H-Index - 32
eISSN - 1939-7445
pISSN - 0890-8575
DOI - 10.1111/j.1939-7445.1989.tb00087.x
Subject(s) - variation (astronomy) , economics , supply management , prime (order theory) , forest management , sector model , rational expectations , microeconomics , natural resource economics , econometrics , ecology , agroforestry , environmental science , agriculture , mathematics , power (physics) , physics , combinatorics , quantum mechanics , astrophysics , biology
The assessment of wood supply in long‐run forest sector analysis by harvest scheduling approaches entails an assumption of rational behavior among forest owners. The implications of the assumption are investigated by projecting wood supply in southern Sweden under alternate price expectations and with different requirements on the variation in forest management practices. The results suggest that the formation of price expectations is of prime importance in modeling wood supply and influences the effect of variation.