A utility model for timber production based on different interest rates for loans and savings.
The paper discusses the evaluation of timber production policies with different income (timber drain) schedules. Special attention is given to the temporal smoothness of the income flow. A utility model is formulated in which the objective is to maximize a fixed consumption pattern, and m...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Finnish Society of Forest Science
1985-01-01
|
| Series: | Silva Fennica |
| Online Access: | https://www.silvafennica.fi/article/5244 |