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A PARTIAL DIFFERENTIAL EQUATION MODEL OF OPTIMAL FOREST HARVESTING |
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| Authors: | John Quinn |
| Abstract: | A control theoretic model of Davidson and Hellsten is described, in which the state is the continuous age density function of a forest. Optimal harvesting strategies are determined and extensions given to allow for amenity values and the dependence of price on harvesting rate. |
| Keywords: | Partial differential equations control theory forestry harvesting economics |