specify an expression for the present value of an infinite sequence of identical forest rotations, obtain an
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specify an expression for the present value of an infinite sequence of identical forest rotations, obtain an analytic first-order expression for maximisation of that present value with respect to the rotation age, and carry out comparative static analysis to ascertain how this varies with changes in economic parameters
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Natural Resource And Environmental Economics
ISBN: 9780321417534
4th Edition
Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James McGilvray
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