| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 91898 | Journal of Forest Economics | 2011 | 9 Pages |
Abstract
In this paper, it is shown that Pressler's indicator rate formula is also the optimal condition for the determination of the optimal harvest age under the generalized Faustmann formula. In addition, a modern treatment of the quantity increment, quality increment, and price increment is presented. Pressler's indicator rate formula is then applied to determine the optimal harvest age in a dynamic world of unanticipated changes.
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Authors
Sun Joseph Chang, Peter Deegen,