Demonstrate that a tax imposed on each unit of timber felled will increase the optimal period of
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Demonstrate that a tax imposed on each unit of timber felled will increase the optimal period of any rotation (that is, the age of trees at harvesting) in an infinite-rotation model of forestry. What effect would there be on the optimal rotation length if the expected demand for timber were to rise?
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Related Book For 
Natural Resource And Environmental Economics
ISBN: 9780321417534
4th Edition
Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James McGilvray
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