An Economic Analysis of Forest Taxation's Impact on Optimal Rotation Age
研究了美国不同森林税收方案对最优轮伐期的影响，发现财产税和采伐税的资本化与税率调整对轮伐期有不同甚至相反的效果。
This paper examines for the US the economic impact of various forest taxation schemes on the optimal rotation age under the assumptions of both tax capitalisation and tax shifting. The analysis illustrates that partial tax capitalisation by shifting tax forward into higher stumpage price is not the same as the partial reduction in the tax rate for property taxes. In fact, they have opposite effects on rotation length. On the other hand, for harvest taxes, partial tax capitalisation by shifting tax forward into higher stumpage price is indeed the same as partial reduction of the tax rate. -R.K.Turner