Forest Land Value and Rotation with an Alternative Land Use

Skander Ben Abdallah and Pierre Lasserre

CIRANO Working Papers from CIRANO

Abstract: We solve Faustmann’s problem when the land manager plans to switch from the current tree species to some alternative species or land use. Such situations occur when the relative value of the alternative increases faster than the value of the species currently in place. The paper characterizes the land value function and the optimum rotations, highlighting the differences between this non-autonomous problem and the traditional Faustmann’s problem. We show in particular that rotations can be either higher and increasing, or lower and decreasing, compared to the traditional, constant, Faustmann’s rotation.

Keywords: Forestry; Land value; Faustmann; Alternative Species; Rotation, (search for similar items in EconPapers)
JEL-codes: Q23 Q24 (search for similar items in EconPapers)
Date: 2016-08-10
New Economics Papers: this item is included in nep-agr and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://cirano.qc.ca/files/publications/2016s-38.pdf

Related works:
Journal Article: Forest land value and rotation with an alternative land use (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cir:cirwor:2016s-38

Access Statistics for this paper

More papers in CIRANO Working Papers from CIRANO Contact information at EDIRC.
Bibliographic data for series maintained by Webmaster ().