THE HARVESTING DECISION WHENA STANDING FOREST HAS VALUEA |
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Authors: | RICHARD HARTMAN |
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Affiliation: | University of Washington |
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Abstract: | This paper analyzes the optimal harvest age of a forest if the forest provides a flow of valuable services while standing in addition to the value of the timber when it is harvested. A basic conclusion is that the presence of recreational or other services provided by a standing forest may well have an important impact on when or whether to harvest. |
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