Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/65386 
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dc.contributor.authorHoel, Michaelen
dc.contributor.authorHoltsmark, Bjarten
dc.contributor.authorHoltsmark, Katinkaen
dc.date.accessioned2012-10-18-
dc.date.accessioned2012-10-19T15:42:37Z-
dc.date.available2012-10-19T15:42:37Z-
dc.date.issued2012-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3951en
dc.subject.jelQ23en
dc.subject.jelQ54en
dc.subject.jelQ42en
dc.subject.ddc330en
dc.subject.keywordclimateen
dc.subject.keywordforestryen
dc.subject.keywordbiofuelsen
dc.subject.keywordFaustmannen
dc.subject.keywordcarbonen
dc.subject.stwHolzeinschlagen
dc.subject.stwForstökonomieen
dc.subject.stwKohlenstoffsenkeen
dc.subject.stwKlimaschutzen
dc.subject.stwSoziale Kostenen
dc.subject.stwBioenergieen
dc.subject.stwTheorieen
dc.titleFaustmann and the climate-
dc.typeWorking Paperen
dc.identifier.ppn727863002en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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