Construct · 1 fields · 1 citations

Faustmann rule: a standalone construct

One name. One construct. A landmark on the map.

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Faustmannrule1 CONSTRUCTFaustmann ruleSAMUELSON · ENVIRONMENTAL AND

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Environmental and resource economics

the rule for the optimal age to cut a forest that accounts for the value of the land for future rotations as well as the current stand.

In environmental and resource economics, Faustmann rule refers to the rule for the optimal age to cut a forest that accounts for the value of the land for future rotations as well as the current stand. This meaning comes from Samuelson (1976) in Economic Inquiry.[1]

Unit
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Measured by

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Nearby constructs

accounts1 fields · 1 citationsanchor · a standalone constructcurrent3 fields · 6 citationsjingle · one word, three constructsforest2 fields · 4 citationsjingle · one word, two constructs

References

  1. Samuelson, P. A. (1976). Economics of Forestry in an Evolving Society. Economic Inquiry, 14(4), 466-492. https://doi.org/10.1111/j.1465-7295.1976.tb00437.x

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