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...

This paper presents a new approach to study the optimal rotation policy with amenity valuation under uncertainty. We first postulate the stochastic forest value and assume plausibly that monetary value of amenities is a continuous and non-negative function of forest value thus presenting the...

This paper presents a new approach to study the optimal rotation policy with amenity valuation under uncertainty. We first postulate the stochastic forest value and assume plausibly that monetary value of amenities is a continuous and non-negative function of forest value thus presenting the...

Das gesamte Modul soll normative und ethische Fragen aufzeigen, die sich bezüglich der zukünftigenWaldnutzung stellen. Es macht Interessen, Normen und Wertvorstellungen transparent.Beide Papiere dienen der Diskussionsphase des Projekts als Grundlage. Sie sollen aufgrundihrer bewusst...