• Faustmann and the Climate 

      Hoel, Michael; Holtsmark, Bjart; Holtsmark, Katinka (Discussion papers;701, Working paper, 2012-08)
      This paper presents an adjusted Faustmann Rule for optimal harvest of a forest in the presence of a social cost of carbon emissions. A contribution of the paper is to do this within theoretical and numerical frameworks ...
    • Optimal harvest age considering multiple carbon pools - a comment 

      Holtsmark, Bjart; Hoel, Michael; Holtsmark, Katinka (Discussion papers;704, Working paper, 2012-09)
      In two recent papers, Asante and Armstrong (2012) and Asante et al. (2011) considered the question of optimal harvest ages. They found that the larger are the initial pools of dead organic matter (DOM) and wood products, ...
    • The costs of taxation in the presence of inequality 

      Valseth, Åsmund Sunde; Holtsmark, Bjart; Holtsmark, Katinka (Discussion papers;908, Working paper, 2019-06)
      This paper provides a new and improved measure of the marginal cost of public funds (MCF). It is based on a benchmark tax which is distributionally neutral and non-distortive. This is in contrast to the MCF-measure used ...