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Risk aversion and optimal management of an uneven-aged forest under risk of windthrow: A Markov decision process approach
Institution:1. Agricultural Economics and Policy Group, ETH Zurich, Sonneggstrasse 33, 8092 Zürich, Switzerland;2. Institute for Food and Resource Economics, University of Bonn, Meckenheimer Allee 174, 53115 Bonn, Germany;3. Department of Agricultural Economics and Rural Development, Georg August University Göttingen, Platz der Göttinger Sieben 5, 37073 Göttingen, Germany;1. Institute of Forest Management, Center of Life and Food Sciences Weihenstephan, Technische Universität München (TUM), Hans-Carl-von-Carlowitz-Platz 2, 85354 Freising, Germany;2. The Irland Group, 174 Lord Road, Wayne, ME 04284, USA;3. Chair of Forest Yield Science, Center of Life and Food Sciences Weihenstephan, Technische Universität München (TUM), Hans-Carl-von-Carlowitz-Platz 2, 85354 Freising, Germany;1. ONF, RDI department, Boulevard Constance, 77300 Fontainebleau, France;2. MISTEA, INRA, Montpellier SupAgro, Univ Montpellier, Montpellier, France
Abstract:
Keywords:Forest management  Uneven-aged forestry  Climate change  Optimal harvesting  Single species stand  MDP
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