This book is organized around a presentation of historical and classic core models that
every serious student or researcher of forest economics must know. These models, along …

Previous analyses of the timber rotation problem under price uncertainty find that timber
owners can increase the expected values of their stands by using a reservation price policy …

A key assumption in the Faustmann rule for financial maturity is that stumpage prices are
constant over time. Timber price series, however, exhibit wide fluctuations over time which …

This paper presents a generalization of the classic Faustmann formula for land expectation
value. The generalized Faustmann formula allows the harvest age to vary from timber crop …

Most wildfires started by electrical power are caused by the contact of trees and surface fuels
with power lines. We propose a preignition risk mitigation model to reduce the risk of crown …

In this paper, a discussion of the development of the optimal forest rotation literature and an
extensive bibliography is presented. The body of literature has grown at an almost constant …

Accurate models of reforestation behavior are important to projecting the nation's softwood
timber supplies and deciding on appropriate public responses, if any, to encourage tree …

A new stochastic efficiency analysis approach, called stochastic efficiency with respect to a
function (SERF), is applied to analyse optimal tree replanting on an area of recently …

Harvesting wild plants for non-timber forest products (NTFPs) can be ecologically
sustainable–without long-term consequences to the dynamics of targeted and associated …

The joint supply of timber and other services from forest environments plays a central role in
most forest land debates. This paper defines a general conceptual model of timber supply …