Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/118132
Authors: 
Crépin, Anne Sophie
Year of Publication: 
2003
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 106.2003
Abstract: 
Recent research in natural sciences shows that boreal forests' dynamics are much more complex than what many models traditionally used in forestry economics reflect. This essay analyses some challenges of accounting for such complexity. When forest owners continuously harvest several species, more than one harvesting strategy can be optimal. Which one it is depends on the forest's initial state. For some initial states, two different strategies may yield the same welfare. If whole stand harvesting of one tree species is preferred, the optimal period between each harvesting occasions depends on other species' dynamics.
Subjects: 
Multiple Steady States
Forestry
Non-Convexities
Moose
JEL: 
Q23
Q26
Q29
Document Type: 
Working Paper

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