Utilize este identificador para referenciar este registo: http://hdl.handle.net/10362/15089
Título: Optimal choice between even- and uneven-aged forestry: the case of non-industrial private forest owners
Autor: Lourenço, Nuno André Nunes
Orientador: Sa, Maria Antonieta Cunha e
Palavras-chave: Uneven-aged management
Optimal harvesting schedule
Financial asset
Amenity valuation
Size- structured model
Data de Defesa: Jan-2015
Resumo: An infinite-horizon discrete time model with multiple size-class structures using a transition matrix is built to assess optimal harvesting schedules in the context of Non-Industrial Private Forest (NIPF) owners. Three model specifications accounting for forest income, financial return on an asset and amenity valuations are considered. Numerical simulations suggest uneven-aged forest management where a rational forest owner adapts her or his forest policy by influencing the regeneration of trees or adjusting consumption dynamics depending on subjective time preference and market return rate dynamics on the financial asset. Moreover she or he does not value significantly non-market benefits captured by amenity valuations relatively to forest income.
URI: http://hdl.handle.net/10362/15089
Designação: A Work Project presented as part of the requirements for the Award of a Master Degree in Economics from the NOVA – School of Business and Economics
Aparece nas colecções:NSBE: Nova SBE - MA Dissertations

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