Optimal rotation with differently-discounted benefit streams
| dc.creator | Price, C. | |
| dc.date | 2017-04-01T18:00:40Z | |
| dc.date.accessioned | 2026-07-09T08:56:41Z | |
| dc.description | The case is often now made that discount rates should decline with time. Underlying reasons include that some kinds benefit (or cost) might be discounted at a lower rate than that used for others : in particular, that rates for carbon values and environmental amenities might be less than that for timber. A lengthening sequence of rotations then arises, whether the benefits are consumptive ones realised at the rotation end, or non-consumptive ones whose annual value increases through the rotation. A timber discount rate lower than that for non-consumptive benefits leads to a shortening sequence of rotations. The results differ importantly from those of discounting at a reducing rate through time. | |
| dc.identifier | doi:10.22004/ag.econ.199241 | |
| dc.identifier | https://ageconsearch.umn.edu/record/199241/files/Price_%20C..pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/199241 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/604186 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/199241 | |
| dc.title | Optimal rotation with differently-discounted benefit streams | |
| dc.type | Text |