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- Brazee, Richard J.
- Journal of forest economics 2018 v.31 pp. 27-38
- discount rate; harvesting; models
- ... Several national governments now require the discount rate for public projects with long planning horizons to decrease over the life of a project. Theoretical results that characterize the impacts of a declining discount rate on optimal harvest age and land expectation values in the Faustmann Model are presented. New results include: derivation of conditions for a sequences of optimal harvest ages ...