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Taxation and rotation age under stochastic forest stand value

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The paper uses both the single rotation and ongoing rotation framework to study the impact of yield tax, lump-sum tax, cash flow tax and tax on interest rate earnings on the privately optimal rotation period when forest value growth is stochastic and forest owners are either risk neutral or risk...

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Taxation and rotation age under stochastic forest stand value

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Taxation and rotation age under stochastic forest stand value

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