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Socially Optimal Forest Rotations with Non-timber values [2 points] Now suppose that the forest that you are considering to plant provides a non-timber value of
Socially Optimal Forest Rotations with Non-timber values [2 points]
Now suppose that the forest that you are considering to plant provides a non-timber value of sequestering
carbon. Assume that the per-period value of carbon sequestration depends linearly on the volume of the
forest and is equal toa(t) =vt. The stream of discounted non-timber values fromt= 0tot=Tis thus
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