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dc.contributor.authorHoel, Michael
dc.contributor.authorHoltsmark, Bjart
dc.contributor.authorHoltsmark, Katinka
dc.coverage.spatialNorwaynb_NO
dc.date.accessioned2019-11-13T10:06:23Z
dc.date.available2019-11-13T10:06:23Z
dc.date.issued2012-08
dc.identifier.issn0809-733X
dc.identifier.urihttp://hdl.handle.net/11250/2628108
dc.description.abstractThis 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 that take account of the dynamics and interactions of the forest's multiple carbon pools within an infinite time horizon model. With our less restrictive assumptions we find that a social cost of carbon has a significantly stronger effect on the optimal harvest age than found in earlier studies. Considered is also how increased use of harvest residues for energy purposes and storage of carbon in building materials and furniture should influence the length of the rotation period. The theoretical results are quantified within a numerical framework.nb_NO
dc.language.isoengnb_NO
dc.publisherStatistisk sentralbyrånb_NO
dc.relation.ispartofseriesDiscussion papers;701
dc.subjectJEL classification: Q23nb_NO
dc.subjectJEL classification: Q54nb_NO
dc.subjectJEL classification: Q42nb_NO
dc.titleFaustmann and the Climatenb_NO
dc.typeWorking papernb_NO
dc.description.versionpublishedVersionnb_NO
dc.subject.nsiVDP::Matematikk og Naturvitenskap: 400::Matematikk: 410::Statistikk: 412nb_NO
dc.source.pagenumber28nb_NO


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