Journal of Forest Economics > Vol 25 > Issue 1

The emergence of forest age structures as determined by uneven-aged stands and age class forests

Renke Coordes, , renke.coordes@forst.tu-dresden.de
 
Suggested Citation
Renke Coordes (2016), "The emergence of forest age structures as determined by uneven-aged stands and age class forests", Journal of Forest Economics: Vol. 25: No. 1, pp 160-179. http://dx.doi.org/10.1016/j.jfe.2016.09.003

Published: 0/12/2016
© 0 2016 Renke Coordes
 
Subjects
 
Keywords
JEL Codes:Q23D92
Density-dependent resourcesEven-aged managementFaustmann modelForest managementInterdependenciesIntertemporal allocation
 

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In this article:
Introduction
Model
Analysis
Numerical illustration
Discussion
Conclusions

Abstract

This article explores the question under which conditions trees are managed in even- or uneven-aged stands or age class forests, respectively. The problem of uneven-aged management within stands and forests can be reduced to the analysis of simultaneous optimal times of harvest and regeneration of interdependently growing trees. Restricting attention to a market environment, a forest investment model is developed which accounts for the opportunity to manage trees or stands individually. As a consequence, age class forests evolve as the optimal compromise between two opposing effects. They allow for a combination of the advantages of uneven-aged management by utilizing differences in tree growth on a larger scale and of even-aged management by exploiting locally effective positive inter-tree dependencies on a smaller scale. Accordingly, the emergence of the forest structure is determined by the dynamics in the balance of value growth and impact rate differences.

DOI:10.1016/j.jfe.2016.09.003