Taxation and Rotation Age Under Stochastic Forest Stand Value

[1]  Vernon L. Smith,et al.  Tax Depreciation Policy and Investment Theory , 1963 .

[2]  D. S. Lees,et al.  Consumption and Investment , 1963, Journal of Political Economy.

[3]  A. Sandmo.  On the theory of the competitive firm under price uncertainty , 1971 .

[4]  R. C. Merton,et al.  Optimum Consumption and Portfolio Rules in a Continuous-Time Model* , 1975 .

[5]  Richard Hartman,et al.  The Harvesting Decision When a Standing Forest Has Value , 1976 .

[6]  Richard Hartman,et al.  THE HARVESTING DECISION WHENA STANDING FOREST HAS VALUEA , 1976 .

[7]  S. Karlin,et al.  A second course in stochastic processes , 1981 .

[8]  S. Chang.  Rotation Age, Management Intensity, and the Economic Factors of Timber Production: Do Changes in Stumpage Price, Interest Rate, Regeneration Cost, and Forest Taxation Matter? , 1983 .

[9]  William J. Reed,et al.  The effects of the risk of fire on the optimal rotation of a forest , 1984 .

[10]  K. Löfgren,et al.  The Economics of Forestry and Natural Resources. , 1986 .

[11]  B. Øksendal.  Stochastic differential equations : an introduction with applications , 1987 .

[12]  R. Mendelsohn,et al.  The Economic Efficiency of Forest Taxes , 1987 .

[13]  W. Reed,et al.  The tree-cutting problem in a stochastic environment: The case of age-dependent growth , 1989 .

[14]  W. Reed,et al.  Harvest decisions and asset valuation for biological resources exhibiting size-dependent stochastic growth , 1990 .

[15]  J. Englin,et al.  Optimal taxation: Timber and externalities☆☆☆ , 1990 .

[16]  Eduardo S. Schwartz,et al.  Investment Under Uncertainty. , 1994 .

[17]  A. Borodin,et al.  Handbook of Brownian Motion - Facts and Formulae , 1996 .

[18]  Yngve Willassen,et al.  The Stochastic Rotation Problem - A Generalization of faustmann's Formula to Stochastic Forest Growth , 1998 .

[19]  Andrew J. Plantinga,et al.  The Optimal Timber Rotation: An Option Value Approach , 1998 .

[20]  G. Amacher,et al.  Optimal harvesting with auto-correlated stumpage prices , 1999 .

[21]  B. J. Thorsen.  Progressive income taxes and option values: the case of a farmer who owns a forest , 1999 .

[22]  M. Ollikainen,et al.  Optimal Forest Taxation Under Private and Social Amenity Valuation , 2001, SSRN Electronic Journal.

[23]  Erkki Koskela,et al.  Forest Taxation and Rotation Age under Private Amenity Valuation: New Results , 2001 .

[24]  Luis H. R. Alvarez,et al.  Wicksellian Theory of Forest Rotation Under Interest Rate Variability , 2001, SSRN Electronic Journal.

[25]  Luis H. R. Alvarez,et al.  Reward functionals, salvage values, and optimal stopping , 2001, Math. Methods Oper. Res..

[26]  M. Insley.  A Real Options Approach to the Valuation of a Forestry Investment , 2002 .

[27]  Sigbjørn Sødal.  The stochastic rotation problem: A comment , 2002 .

[28]  A. Guttormsen,et al.  Real options in the forest: what if prices are mean-reverting? , 2002 .

[29]  Luis H. R. Alvarez,et al.  On Forest Rotation under Interest Rate Variability , 2003 .

[30]  Luis H. R. Alvarez,et al.  On the properties of $r$-excessive mappings for a class of diffusions , 2003 .

[31]  M. Ollikainen,et al.  A Behavioral and Welfare Analysis of Progressive Forest Taxation , 2003 .

[32]  J. Prestemon.  Evaluation of U.S. southern pine stumpage market informational efficiency , 2003 .

[33]  Jean-Daniel Saphores,et al.  Harvesting a renewable resource under uncertainty , 2003 .

[34]  Luis H. R. Alvarez,et al.  A Class of Solvable Impulse Control Problems , 2004 .

[35]  Erkki Koskela,et al.  Does Risk Aversion Accelerate Optimal Forest Rotation Under Uncertainty? , 2004 .

[36]  Luis H. R. Alvarez,et al.  Stochastic Forest Stand Value and Optimal Timber Harvesting , 2003, SIAM J. Control. Optim..

[37]  Fwu-Ranq Chang,et al.  Stochastic optimization in continuous time , 2004 .

[38]  M. Insley,et al.  On Solving the Multirotational Timber Harvesting Problem with Stochastic Prices: A Linear Complementarity Formulation , 2005 .

[39]  B. Øksendal,et al.  Applied Stochastic Control of Jump Diffusions , 2004, Universitext.