Skip to main content
SpringerLink
Log in

Investment, harvest, and taxation strategies of the forest sector: A differential game approach with a computational decision-aid

  • Resource Management And Environment
  • Conference paper
  • First Online:
Dynamic Games in Economic Analysis

Part of the book series: Lecture Notes in Control and Information Sciences ((LNCIS,volume 157))

  • 339 Accesses

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Berck P. (1981), "Optimal Management of Renewable Resources with Growing Demand and Stock Externalities", Journal of Environmental Economics 8, 105–117.

    Google Scholar 

  2. Binkley C. S. (1987), "Economic Models of Timber Supply", in M. Kallio, D. P. Dykstra, and C. S. Binkley (eds.), The Global Forest Sector: An Analytical Perspective, John Wiley & Sons.

    Google Scholar 

  3. Chang S. J. (1982), "An Economic Analysis of Forest Taxation's Impact on Optimal Rotation Age", Land Economics 58, 310–323.

    Google Scholar 

  4. Chang S. J. (1983), "Rotation Age, Management Intensity and Economic Factors of Timber Production", Forest Science 29, 267–277.

    Google Scholar 

  5. Clark C. W. (1976), Mathematical Bioeconomics: The Optimal Management of Renewable Resources, John Wiley & Sons.

    Google Scholar 

  6. Comolli P. W. (1981), "Principles and Policy in Forestry Economics", Bell Journal of Economics and Management Science 12, 300–309.

    Google Scholar 

  7. Conrad J. M., and Clark C. W. (1987), Natural Resource Economics, Notes and Problems, Cambridge University Press.

    Google Scholar 

  8. Dasgupta P. (1982), The Control of Resources, Basil Blackwell.

    Google Scholar 

  9. Dasgupta P., and Heal G. M. (1979), Economic Theory and Exhaustible Resources, Cambridge University Press.

    Google Scholar 

  10. Dockner E. (1984), "Optimal Pricing of a Monopoly Against a Competitive Producer", Optimal Control Applications & Methods 5, 345–351.

    Google Scholar 

  11. Dockner E., and Jørgensen S. (1984), "Cooperative and Non-Cooperative Differential Game Solutions to an Investment and Pricing Problem", Journal of the Operational Research Society 35, 731–739.

    Google Scholar 

  12. Jackson D. (1980), The Microeconomics of the Timber Industry, Westview Press.

    Google Scholar 

  13. Johansson P.-O., and Löfgren K.-G. (1985), The Economics of Forestry and Natural Resources, Basil Blackwell.

    Google Scholar 

  14. Kivijärvi H., and Soismaa M. (1988), A Computational Approach to the Strategic Investment and Pricing Problem, Working Papers F-191, Helsinki School of Economics, Helsinki, Finland.

    Google Scholar 

  15. Kivijärvi H., and Soismaa M. (1989), Simultaneous Investment and Pricing Strategies of Competing Firms: A Computerized Decision Aid, Working Papers F-214, Helsinki School of Economics, Helsinki, Finland.

    Google Scholar 

  16. Koskela E. (1989), "Forest Taxation and Timber Supply Under Price Uncertainty: Perfect Capital Markets", Forest Science 35, 137–159.

    Google Scholar 

  17. Leitmann G., and Stalford H. (1972), "Sufficiency for Optimal Strategies in Nash Equilibrium Games" in A. V. Balakrishnan (ed.), Techniques of Optimization, Academic Press.

    Google Scholar 

  18. Lieber Z., and Barnea A. (1977), "Dynamic Optimal Pricing to Deter Entry under Constrained Supply", Operations Research 25, 696–705.

    Google Scholar 

  19. Loikkanen H. A., Kuuluvainen J., and Salo J. (1986), Timber Supply of Private Nonindustrial Forest Owners: Evidence from Finland, Research Reports 50, University of Helsinki, Department of Economics, Helsinki, Finland.

    Google Scholar 

  20. Löfgren K.-G., Bångman G., and Wiberg A. (1986), "The Supply of Roundwood and Taxation", in M. Kallio, Å. E. Andersson, R. Seppälä, and A. Morgan (eds.), Systems Analysis in Forestry and Forest Industries, TIMS Studies in Management Science, Vol. 21, North-Holland.

    Google Scholar 

  21. Mehlmann A. (1988), Applied Differential Games, Plenum Press.

    Google Scholar 

  22. Teng J.-T., and Thompson G. L. (1983), "Oligopoly Models for Optimal Advertising when Production Costs Obey a Learning Curve", Management Science 29, 1087–1101.

    Google Scholar 

  23. Thompson G. L., and Teng J.-T. (1984), "Optimal Pricing and Advertising Policies for New Product Oligopoly Models". Marketing Science 3, 148–68.

    Google Scholar 

  24. Thompson R. A., and Thuesen G. J. (1987), "Applications of Dynamic Investment Criteria for Capital Budgeting Decisions", The Engineering Economist 33, 59–86.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Helsinki School of Economics and Business Administration, Runeberginkatu 14-16, SF-00100, Helsinki, Finland

    Hannu Kivijärvi & Margareta Soismaa

Authors
  1. Hannu Kivijärvi
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Margareta Soismaa
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Ralmo Pertti Hämäläinen Harri Kalevi Ehtamo

Rights and permissions

Reprints and permissions

Copyright information

© 1991 Springer-Verlag

About this paper

Cite this paper

Kivijärvi, H., Soismaa, M. (1991). Investment, harvest, and taxation strategies of the forest sector: A differential game approach with a computational decision-aid. In: Hämäläinen, R.P., Ehtamo, H.K. (eds) Dynamic Games in Economic Analysis. Lecture Notes in Control and Information Sciences, vol 157. Springer, Berlin, Heidelberg. https://doi.org/10.1007/BFb0006239

Download citation

  • DOI: https://doi.org/10.1007/BFb0006239

  • Published:

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-53785-4

  • Online ISBN: 978-3-540-47096-0

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics

Search

Navigation