Forest Land Expectation Value or Maximum Sustained Yield? Resolving A Long-Standing Paradox
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DOI: 10.3390/f14051052
Abstract: The Faustmann formula, equivalent to the land expectation value (LEV), yields the present value, starting with bare land, of an infinite series of future timber rotations for a stand. If this formula is used to… read more here.
Keywords: land expectation; land; maximum sustained; value ... See more keywords