The Harvesting Decisions When a Standing Forest with Multiple Age‐Classes Has Value
求解了一个无限期离散时间效用模型，描述非工业私人林主管理多龄级森林时的消费与采伐行为，并推导出从任何初始龄级分布达到正常林的政策规则。
Abstract A solution is demonstrated to an infinite‐horizon, discrete‐time utility model describing the consumption and cutting behavior of a nonindustrial private landowner who is managing a multiple age‐class forest and who values both consumption derived from harvesting the trees and amenity derived from the standing trees. A policy rule is derived to attain a normal forest from any initial age‐class distribution. It is demonstrated that a noncyclical forest allowing a constant periodic harvest is typically not a normal forest. Therefore, an even‐flow timber harvesting is not tied to the existence of a normal forest structure.