Faustmann formula and its use in forest asset valuation
A review and a suggestion
Bibliographic Data
| ID | 15112877 |
|---|---|
| Authors | Michael G McIntosh (Auburn University, corresponding author), Daowei Zhang (0000-0002-6695-7679, Auburn University) |
| Year | 2024 |
| Volume | 160 |
| Pages | 103158 |
| Publication date | 2024-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Forest Policy and Economics (JOURNAL) |
| Journal identifiers | ISSN: 1389-9341 • E-ISSN: 1872-7050 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.forpol.2024.103158 |
| OpenAlex | W4391155140 |
| Language | EN |
| Citations received | 7 |
| References cited | 341 |
Actuarial science · Economics · Forest management · Geography · Computer Science · Conservation, Biodiversity, and Resource Management · Economic and Environmental Valuation · Forest Management and Policy · Finance · Forestry
The Seventh International Faustmann Symposium
A generalized Faustmann model with multiple carbon pools
The effect of carbon taxes and subsidies on forest carbon sequestration in China
Terminal value
Now the forests are of value an everyday historical political ecology from southern Sweden
Citation dynamics, thematic structure and temporal evolution of research on the Faustmann Forest Economics model (1962–2025)
Economic Trade‐Offs and Asset Gains
The Isolated State in Relation to Agriculture and Political Economy
Forest optimisation models including timber production and carbon sequestration values of forest ecosystems
Application of optimal harvesting decision model to the analysis of Chinese forestry economic policy
New Development in Study of the Faustmann Optimal Forest Harvesting
Optimal forest species mixture with carbon storage and albedo effect for climate change mitigation
Private valuation of carbon sequestration in forest plantations
Radiative forcing and the optimal rotation age
Carbon sequestration and the optimal management of New Hampshire timber stands
Carbon and market effects of U.S. forest taxation policy
Restoration of the longleaf pine ecosystem on private lands in the US South
Forest management under fire risk when forest carbon sequestration has value
Impact of payments for carbon sequestered in wood products and avoided carbon emissions on the profitability of Nipf landowners in the US South
Carbon payments for extended rotations in forest plantations
Implementing carbon credits for forests based on green accounting
Carbon credits and management of Scots pine and Norway spruce stands in Finland
Potential impact of carbon trading on forest management in New Zealand
An economic analysis of thinnings and rotation lengths in the presence of natural risks in even-aged forest stands
Faustmann optimal pine stands stochastic rotation problem
Extending the boundaries of forest economics
An economic evaluation of strategies for transforming even-aged into near-natural forestry in a conifer-dominated forest in Denmark
Carbon sequestration and uneven-aged management of loblolly pine stands in the Southern USA
How does real option value compare with Faustmann value in the context of the New Zealand Emissions Trading Scheme
Non-timber benefits, price uncertainty and optimal harvest of an even-aged stand
Optimal forest rotation under carbon pricing and forest damage risk
Continuous timber harvest — Costly restriction or profitable solution
Biodiversity policies in commercial boreal forests
The Faustmann model under storm risk and price uncertainty
Diverging incentives for afforestation from carbon sequestration
Impact of storm risk on Faustmann rotation
What is the relevance of option pricing for forest valuation in New Zealand
A generalized Reed model with application to wildfire risk in even-aged Southern United States pine plantations
On the optimization of legislative periods — Similarities to the optimization of rotation periods
Optimal harvest scheduling in Eucalyptus plantations
Forest property taxation under the generalized Faustmann formula
To an economist's perception on sustainability in forestry-in-transition
Multi-objective models for the forest harvest scheduling problem in a continuous-time framework
Whole-tree harvesting with stump removal versus stem-only harvesting in peatlands when water quality, biodiversity conservation and climate change mitigation matter
Optimal harvest decisions for the management of carbon sequestration forests under price uncertainty and risk preferences
Optimal carbon storage in even- and uneven-aged forestry
Nonindustrial private landowners, fires, and the wildland–urban interface
Carbon sequestration and biofuel production on forestland under three stochastic prices
Optimum harvesting time and clone choices for eucalyptus growers in Vietnam
Reply to the comment by Thorsen et al. on “Diverging incentives for afforestation from carbon sequestration
Global climate change impacts on forests and markets
Economic analysis of forest management alternatives
Application of real options theory to forestry investment analysis
How does a biodiversity value impact upon optimal rotation length? An investigation using species richness and forest stand age
A comprehensive analysis of teak plantation investment in Colombia
Do altered prices and logging costs for logs of small diameters affect the optimum rotation of Norway spruce in mountainous regions
Impact of the New Zealand Emissions Trading Scheme on forest valuation
Forest management after the economic transition—at the crossroads between German and Scandinavian traditions
A combined economic analysis of optimal planting density, thinning and rotation for an even-aged forest stand
Optimal rotations with declining discount rate
Forest economics in an increasingly urbanized society
The impact of carbon trade on the management of short-rotation forest plantations
Real options in the forest
The Alternative Test in forestry
Determination of optimal rotation period under stochastic wood and carbon prices
Effect of dendroremediation incentives on the profitability of short-rotation woody cropping of Eucalyptus grandis
Financial feasibility of increasing carbon sequestration in harvested wood products in Mississippi
Economics of rotation and thinning revisited
Impact on profitability, risk, optimum rotation age and afforestation of changing the New Zealand emissions trading scheme to an averaging approach
Optimal residual growing stock and cutting cycle in mixed uneven-aged maritime pine stands in Northwestern Spain
Spatial interactions and optimal forest management on a fire-threatened landscape
Economic effects of policy-relevant issues on timber and reindeer productions—the cost of increasing reindeer production in northern Sweden
The impact of a short-term carbon payment scheme on forest management
Special problems of forests as ecologic–economic systems
Under the risk of destructive event, are there differences between timber income based and carbon sequestration based silviculture
Implications of future risk of fusiform rust on optimal forest management of even-aged slash pine plantations
Potential impacts of carbon taxes on carbon flux in western Oregon private forests
Twenty one years after the publication of the generalized Faustmann formula
Optimizing rotation periods of forest plantations
Restoring longleaf pine through silvopasture practices
Optimal forest rotation age under efficient climate change mitigation
Optimal rotation age for carbon sequestration and biodiversity conservation in Vietnam
Faustmann formula before Faustmann in German territorial states
Forest management with wildfire risk, prescribed burning and diverse carbon policies
How does real option value compare with Faustmann value when log prices follow fractional Brownian motion
Effects of carbon sequestration rewards on forest management—An empirical application of adjusted Faustmann Formulae
Optimal forest rotation for carbon sequestration and biodiversity conservation by farm income levels
Optimal management of a forested catchment providing timber and carbon sequestration benefits
Payment for multiple forest benefits alters the effect of tree disease on optimal forest rotation length
The effect of pests and pathogens on forest harvesting regimes
Payment for CO2 sequestration affects the Faustmann rotation period in Norway more than albedo payment does
Optimal harvest cycle on Nothofagus forests including carbon storage in Southern America
Identifying optimal forest stand selection under subsidization using stand-level optimal harvesting schedules
Carbon sequestration, optimum forest rotation and their environmental impact
Socio-ecological implications of modifying rotation lengths in forestry
Varying rotation lengths in northern production forests
The Discovery of the Faustmann Formula in Natural Resource Economics
| Unique citing works | 7 |
|---|---|
| Citations per year | 3,5 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 7 |