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Information and Competition in U.S. Forest Service Timber Auctions
Service Timber Auctions Information and Competition
2015/7/21
This paper analyzes the role of private information in U.S. Forest
Service timber auctions. In these auctions, firms bid a per unit price
for each timber species. Total bids are computed by mu...
An Analytical Optimal Strategy of the Forest Asset Dynamic Management under Stochastic Timber Price and Growth: A Portfolio Approach
Forest Management Analytical Stochastic Price and Growth Portfolio Carbon Subsidies
2013/2/25
Considering the valuation of forest stands based on revenue from wood sales, concession policy (such as carbon sub- sidies) and associated costs, the paper focuses on the stochastic control model to s...