A Hotelling-Faustmann Explanation of the Structure of Christmas Tree Prices
We examine the relationship between a tree price and a tree age (height) using a Hotelling-Faustmann type model of optimal plantation management, which accounts for the possibility of replanting and biological growth. The model predictions are tested using the data on Christmas tree prices in North...
| Veröffentlicht in: | American Journal of Agricultural Economics. - Oxford University Press. - 83(2001), 3, Seite 513-525 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2001
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| Zugriff auf das übergeordnete Werk: | American Journal of Agricultural Economics |
| Schlagworte: | capital theory discrete time optimal control uneven-aged forest management Mathematics Economics Business Arts Biological sciences |
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