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dc.contributor.authorHoel, Michaelen_US
dc.contributor.authorHoltsmark, Bjarten_US
dc.contributor.authorHoltsmark, Katinkaen_US
dc.date.accessioned2012-10-18en_US
dc.date.accessioned2012-10-19T15:42:37Z-
dc.date.available2012-10-19T15:42:37Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/65386-
dc.description.abstractThis paper presents an adjusted Faustmann Rule for optimal harvest of a forest in the presence of a social cost of carbon emissions. A contribution of the paper is to do this within theoretical and numerical frameworks that take account of the dynamics and interactions of the forest's multiple carbon pools within an infinite time horizon model. With our less restrictive assumptions we find that a social cost of carbon has a significantly stronger effect on the optimal harvest age than found in earlier studies. Considered is also how increased use of harvest residues for energy purposes and storage of carbon in building materials and furniture should influence the length of the rotation period. The theoretical results are quantified within a numerical framework.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo Working Paper: Resource and Environment Economics 3951en_US
dc.subject.jelQ23en_US
dc.subject.jelQ54en_US
dc.subject.jelQ42en_US
dc.subject.ddc330en_US
dc.subject.keywordclimateen_US
dc.subject.keywordforestryen_US
dc.subject.keywordbiofuelsen_US
dc.subject.keywordFaustmannen_US
dc.subject.keywordcarbonen_US
dc.subject.stwHolzeinschlagen_US
dc.subject.stwForstökonomieen_US
dc.subject.stwKohlenstoffsenkeen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwSoziale Kostenen_US
dc.subject.stwBioenergieen_US
dc.subject.stwTheorieen_US
dc.titleFaustmann and the climateen_US
dc.typeWorking Paperen_US
dc.identifier.ppn727863002en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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