TY - JOUR
DP - National Agricultural Library
DB - PubAg
JO - Journal of forest economics
TI - On Pressler’s indicator rate formula under the generalized Reed model
A1 - Susaeta, Andres
A4 - Susaeta, Andres
EP - 2018 v.30
KW - harvesting
KW - models
KW - risk
KW - salvage logging
KW - wildfires
AN - 5919807
AB - We extend the Pressler’s indicator rate formula under the generalized Reed model to account for the impacts of current and future stochastic disturbance risk on the current harvesting decision. We prove that that the mathematical framework of the Pressler’s indicator rate holds under the generalized Reed model. We apply it to the management of longleaf pine to determine the optimal harvest age under the risk of wildfires. We determine that the Pressler’s indicator rate formula provides a useful framework to determine the minimum timber salvage increment required to decide when to harvest longleaf pine under the risk of wildfire.
PY - 2018
LA -
DA - 2018-01
VL - v. 30
SP - pp. 32-37
DO - 10.1016/j.jfe.2017.12.002
ER -