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Original Articles

Alternative methods of calculating optimal timber rotations: a critique of the Stokey/Lucas/Prescott tree-cutting problem

Pages 1079-1081 | Published online: 24 Jun 2009

References

  • Alvarez , L. H. R. and Koskela , E. On the tree-cutting problem under interest rate and forest value uncertainty . CESifo Working Paper No. 870 . 2003 .
  • Marion , C. Decision making in timber production, harvest, and marketing . Research Paper No. R-4 . 1977 . Resources for the Future, Washington D.C., p. 13, table 1
  • Lucas , R. , Stokey , N. L. and Prescott , E. C. 1989 . Recursive Methods in Economic Dynamics , Mass : Harvard University Press, Cambridge .

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