Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70460
Authors: 
Dasgupta, Swagan
Mitra, Tapan
Year of Publication: 
2010
Series/Report no.: 
CAE Working Paper 10-04
Abstract: 
The paper examines the theory of optimal forest management with a view to describing its transition dynamics. In contrast to the literature's emphasis on long-run behavior of optimally managed forests, we focus on the nature of the optimal policy function, which describes the harvesting and replanting decisions that should be implemented currently, given an inherited forest. Bifurcation analysis is used to examine how the optimal policy function changes in response to variations in the parameters of the forestry model.
Subjects: 
Forest Management
Optimal Policy Function
Faustmann Threshold
Transition Dynamics
History Dependence
Bifurcation Analysis
JEL: 
C61
D90
Q23
Document Type: 
Working Paper

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