Economic analysis of forest management with a long rotation period and a small labor input (I) Behavior of forest owners about an increase in real wage rates

研究成果: Article

1 被引用数 (Scopus)

抄録

This paper examines the influence of an increase in real wage rates on the rotation period and on the labor input, both of which are important input factors for forest management. First, profit functions were formulated around the Net Maximum Sustained Yield (NMSY) rule, the Internal Rate of Return (IRR) rule, the Fisherian rule, and the faustmann rule. Second, under the assumption that these profit functions are strongly concave, comparative statics were developed. The results were as follows: an increase in real wage rates 1) increases the optimal rotation period in the case of the IRR rule, 2) decreases the optimal labor input in the case of the Fisherian rule, and 3) causes at least one of the above results in the case of the NMSY and the faustmann rules.

元の言語English
ページ(範囲)69-72
ページ数4
ジャーナルTHE JOURNAL OF THE JAPANESE FORESTRY SOCIETY
73
発行部数6
出版物ステータスPublished - 1991

ASJC Scopus subject areas

  • Forestry

フィンガープリント 「Economic analysis of forest management with a long rotation period and a small labor input (I) Behavior of forest owners about an increase in real wage rates」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル