Pressler's indicator rate formula as a guide for forest management

Document Type

Article

Publication Date

1-1-2011

Abstract

In this paper, it is shown that Pressler's indicator rate formula is also the optimal condition for the determination of the optimal harvest age under the generalized Faustmann formula. In addition, a modern treatment of the quantity increment, quality increment, and price increment is presented. Pressler's indicator rate formula is then applied to determine the optimal harvest age in a dynamic world of unanticipated changes. © 2011 Department of Forest Economics, SLU Umeå, Sweden.

Publication Source (Journal or Book title)

Journal of Forest Economics

First Page

258

Last Page

266

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