Brown, Gardner (1996), "Optimal Rotation Time with Positive Stock Externality," unpublished. Home/Search Document Not in Database Summary Related Articles |
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Renewable Natural Resource Management And Without Markets - Brown (2000) (Correct)
....is more subtle. The opportunity cost of forgoing harvest is the perpetual delay in enjoyment of hiking in or viewing subsequent forests slightly younger because of the delayed harvest. In the multiple rotation setting, harvest should be delayed as long as the non consumptive values grow with time [Brown (1996)] Not surprisingly, the optimal rotation time is not easily described 30 when the quality of neighboring forests (rotation time) is a substitute for non use in the forest in question [Swallow and Wear (1993) C. Renewable Resources in Growth Models Renewable resources have played a limited ....
Brown, Gardner (1996), "Optimal Rotation Time with Positive Stock Externality," unpublished.
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