On 189 years of confusing debates over the König-Faustmann formula: analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Remagen-Oberwinter
Kessel
2003
|
| Edition: | 1. Aufl. |
| Series: | Schriften aus dem Institut für Forstökonomie der Universität Freiburg
18 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Zugl.: Freiburg (Breisgau), Univ., Diss. |
| Physical Description: | XXIV, 221 S. graph. Darst. : 24 cm, 430 gr. |
| ISBN: | 3935638302 |
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| 100 | 1 | |a Navarro, Guillermo A. |d 1966- |e Verfasser |0 (DE-588)124550673 |4 aut | |
| 245 | 1 | 0 | |a On 189 years of confusing debates over the König-Faustmann formula |b analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management |c Guillermo A. Navarro |
| 250 | |a 1. Aufl. | ||
| 264 | 1 | |a Remagen-Oberwinter |b Kessel |c 2003 | |
| 300 | |a XXIV, 221 S. |b graph. Darst. : 24 cm, 430 gr. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Schriften aus dem Institut für Forstökonomie der Universität Freiburg |v 18 | |
| 500 | |a Zugl.: Freiburg (Breisgau), Univ., Diss. | ||
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Record in the Search Index
| _version_ | 1808135548360982528 |
|---|---|
| adam_text |
-
TABLE
OF
CONTENTS
-
SUMMARY
.
VII
ZUSAMMENFASSUNG
.
XII
RESUMEN
.
XVIII
1
INTRODUCTION
.
1
1.1
RESEARCH
PROBLEM
AND
OBJ
ECTIVES
.
1
1.2
JUSTIFICATION
OF
THE
RESEARCH
.
2
1.3
SOME
WORDS
ON
THE
ORGANIZATION
OF
THIS
THESIS
.
4
2
CONCEPTUAL
FRAMEWORK
.
6
2.1
INTRODUCTION
.
6
2.2
THEORETICAL
FOUNDATIONS
IN
FOREST
ECONOMICS
.
6
2.2.1
THE
MARKET
MODEL.
.
6
2.2.2
THEORY
OF
INVESTMENT,
CAPITAL
AND
INTEREST
.
14
2.2.3
PROJECTING
INTERTEMPORAL
PRODUCTION
IN
FORESTRY:
STAND
GROWTH
MODELS
.
17
2.3
THE
NET
PRESENT
VALUE
CONCEPT
AND
ITS
APPLICATIONS
IN
APPLIED
AND
THEORETICAL
FOREST
ECONOMICS
.
20
2.3.1
NET
PRESENT
VALUE
CONCEPT
AS
A
TOOL
FOR
ANALYSIS
IN
THE
INVESTMENT
THEORY
.
20
2.3.2
EFFTCIENY
CRITERIA
FOR
INVESTMENT
ANALYSIS
IN
FORESTRY
.
24
2.3.3
CRITERIA
FOR
OPTIMAL
POTATIONS
IN
FORESTRY
.
27
2.4
MANAGEMENT-PLANNING
OF
CONVERSION
FROM
EVEN-AGED
CLEAR-CUT
(EAC)
TO
UNEVEN-AGED
SELECTION
(UAS)
FORESTRY
WITHIN
AN
ECOSYSTEM
MANAGEMENT
CONTEXT
.
29
2.4.1
PLANNING
IN
AN
ECOYSTEM
MANAGEMENT
CONTEXT
.
29
2.4.2
CONCEPTS
AND
PURPOSE
FOREST
CONVERSION
(FC)
FROM
EAC
TO
UAS
FOREST
MANAGEMENT
.
31
2.4.3
THE
SILVICULTURE
AND
ECOLOGY
OF
CONVERSION
FORESTRY
.
33
3
REVIEW
OF
THE
STATE
OF
THE
ART
ON
THE
CLASSICAL
THEORY
OF
FOREST
ECONOMICS
AND
THE
KO
NI
G-FAUSTMANN
FORMULA
.
36
3.1
INTRODUCTION
.
36
3.2
THE
CLASSICAL
THEORY
OF
FOREST
ECONOMICS
.
36
3.2.1
CALCULATION
OF
THE
ASSET
VALUE
IN
FORESTRY
.
36
3.2.2
THE
CALCULATION
OF
THE
OPTIMAL
ROTATION
IN
FOREST
ECONOMICS
.
39
3.3
THE
ECONOMICS
OF
EVEN-AGED
(EAC),
UNEVEN-AGED
(UAS),
AND
FOREST
CONVERSION
(FC)
MANAGEMENT
WITH
THE
LEV
METHOD
.
41
3.3.1
THE
ECONOMICS
OF
EVEN-AGED
CLEAR-CUT
(EAC)
MANAGEMENT
.
41
3.3.2
THE
ECONOMICS
OF
UNEVEN-AGED
SELECTION
(UAS)
FOREST
MANAGEMENT
.
45
3.3.3
THE
ECONOMICS
OF
FOREST
CONVERSION
(FC)
FROM
EAC
TO
UAS
FOREST
MANAGEMENT
.
48
4
RESEARCH
QUESTIONS
.
50
4.1
INTRODUCTION
.
50
4.2
STATEMENT
OF
THE
RESEARCH
QUESTIONS
.
50
4.3
JUSTIFICATION
AND
RELEVANCE
OF
THIS
THESIS
.
51
4.4
T
HE
PROBLEM:
189-YEARS
OF
CONFUSING
DEBATES
IN
THE
CLASSICAL
THEORY
OF
FOREST
ECONOMICS
OVER
THE
SO-CALLED
KDNIG-FAUSTMANN
FORMULA
(1813-2002)
.
56
5
SEARCHING
FOR
A
UNIFIED
FRAMEWORK
AMONG
THREE
DIFFERENT
LEV
FORMULAS
.
82
5.1
INTRODUCTION
.
82
5.2
THEORETICAL
FOUNDATIONS
OF
THE
ASSET
VALUE
CALCULATION
IN
FORESTRY
IN
THE
CONTEXT
OF
THE
LEV
FORMULA
.
83
5.2.1
UNDERSTANDING
THE
EAND
RENT
THEORIES
BEHIND
THE
THREE
I.E
V
FORMULAS
IN
RESPECT
TO
THE
DEFINITION
OF
EAND-USE,
TREATMENT
OF
THE
SILVICULTURAL
EFFORT
AND
EAND
IMPROVEMENTS
.
83
5.2.2
ACCOUNTING
IN
YEAR-0:
VALUE
OR
PAYMENT?.
.
102
5.2.3
IN
WHAT
CONTEXT
CAN
THE
EEV
METHOD
BE
USED
AS
A
WILLINGNESS
TO
PAY
FOR
(FOREST)
EAND
(WP[F]E
0
),
CAPITALIZED
VALUE
(N),
OR
(FOREST)
EAND
VALUE-([F]E
0
)
FORMULA?
.
106
5.3
IMPLICATIONS
OF
THE
THREE
LEV
ON
THE
OPTIMAL
ROTATION
DECISION
IN
THE
THEORY
OF
FOREST
ECONOMICS
.
108
5.3.1
THE
OPTIMAL
ROTATION
DECISION
WITH
THE
FAUSTMANN,
KONIG
AND
OSTWALD
FORMULAS
.
108
5.3.2
HOW
THE
FAUSTMANN-,
KONIG
AND
OSTWALD
FORMULAS
DIFFER
IN
COMPARATIVE
STATIC
IN
RESPECT
TO
THE
PARAMETERS:
EABOR
WAGES,
PRODUCT
PRICES
AND
INTEREST
RATES
.
113
5.3.3
A
PROPOSITION
FOR
UNIFYING
THE
THREE
I.E
V
FORMULAS
IN
THE
FOREST
ECONOMIC
THEORY:
THE
FIFTH
ASSUMPTION
.
115
5.4
CRITERIA
FOR
IMPROVING
THE
APPLICATION
OF
THE
THREE
LEV
FORMULAS
.
118
6
ECONOMIC
ANALYSIS
AND
VALUATION
OF
CONTINUOUS-COVER
FORESTRY
SYSTEMS
.
122
6.1
INTRODUCTION
.
122
6.2
IMMATURE
FOREST
STANDS
.
122
6.3
UNEVEN-AGED
SELECTION
(UAS)
SYSTEMS
.
129
6.4
SHELTERWOOD
(SHW)
SYSTEMS
.
139
7
INSIGHTS
INTO
USING
THE
LEV
THEORY
FOR
ANALYZING
PROBLEMS
WITHIN
THE
ECOSYSTEM
MANAGEMENT
CONTEXT
.
143
7.1
INTRODUCTION
.
143
7.2
MARKET
AND
NON-MARKET
FOREST
PRODUCTS
IN
RELATION
TO
THE
LEV
METHOD
.
143
7.2.1
MARKET
AND
NON-MARKET
FOREST
PRODUCTS
.
143
7.2.2
ACCOUNTINGFOR
MARKET-PRICED
TIMBER
AND
NON-TIMBER
FOREST
OUTPUTS
IN
THE
LEV
MODEL
.
147
7.2.3
ACCOUNTINGFOR
NON
PRICED
FOREST
GOODS
AND
SERVICES
IN
THE
LEV
MODEL
.
150
7.3
ESTABLISHING
A
LINKAGE
BETWEEN
STAND-LEVEL
MANAGEMENT
PLANNING
AND
THE
BROADER
ENTERPRISE
OR
LANDSCAPE
CONTEXT
.
157
7.4
ANALYZING
FOREST
MANAGEMENT
PROBLEMS
WITH
THE
LEV
FORMULA:
FOREST
CONVERSION
(FC)
FROM
EAC-
INTO
UAS
SYSTEMS
.
161
7.4.1
ECONOMICS
ANALYSIS
OF
FOREST
CONVERSION
(FC)
.
161
7.4.2
ECONOMIC
ANALYSIS
OF
FOREST
CONVERSION
(FC)
WITH
THE
LEV
FORMULA
AS
A
STATIC
PROBLEM
.
162
7.4.3
ECONOMIC
ANALYSIS
OF
FOREST
CONVERSION
(FC)
WITH
THE
LEV
FORMULA
AS
A
DYNAMIC
PROBLEM
.
165
8
CONCLUSIONS
.
179
8.1
CONCLUDING
STATEMENTS
.
179
8.2
SUMMARY
OF
CONTRIBUTIONS
.
184
8.3
FUTURE
RESEARCH
.
184
9
REFERENCES
.
186
10
APPENDIXES
.
204
10.1
APPENDIX
A:
PROOF
OF
THE
PERPETUITY
AND
EQUILIBRIUM
STATE
THAT
THE
LEV
FORMULA
HAS
A
CONDITION
THAT
IS
REPRESENTED
BY
THE
MINUS
1
IN
THE
DENOMINATOR
.
204
10.1.1
EQUILIBRIUM
CONDITION
PROOF.
.
204
10.1.2
PERPETUAL
CONDITION
PROOF
.
205
10.2
APPENDIX
B:
FINDING
THE
FIRST
ORDER
CONDITION
FOR
A
MAXIMUM
LEV
BY
DIFFERENTIATING
WITH
RESPECT
TO
T
.
206
10.2.1
APPENDIX
C:
THE
3
LEVFORMULAS
BY
KONIG,
FAUSTMANN,
AND
OSTWALD
AS
APPEAR
ON
THE
ORIGINAL
DOCUMENTS
.
208
11
SYMBOLS
AND
ABBREVIATIONS
.
216 |
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| author | Navarro, Guillermo A. 1966- |
| author_GND | (DE-588)124550673 |
| author_facet | Navarro, Guillermo A. 1966- |
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| building | Verbundindex |
| bvnumber | BV019439348 |
| classification_tum | FOR 620d FOR 220d |
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| genre | (DE-588)4113937-9 Hochschulschrift gnd-content |
| genre_facet | Hochschulschrift |
| id | DE-604.BV019439348 |
| illustrated | Illustrated |
| indexdate | 2024-08-23T00:20:30Z |
| institution | BVB |
| isbn | 3935638302 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-012892881 |
| oclc_num | 52685798 |
| open_access_boolean | |
| owner | DE-M49 DE-BY-TUM DE-Eb1 |
| owner_facet | DE-M49 DE-BY-TUM DE-Eb1 |
| physical | XXIV, 221 S. graph. Darst. : 24 cm, 430 gr. |
| publishDate | 2003 |
| publishDateSearch | 2003 |
| publishDateSort | 2003 |
| publisher | Kessel |
| record_format | marc |
| series | Schriften aus dem Institut für Forstökonomie der Universität Freiburg |
| series2 | Schriften aus dem Institut für Forstökonomie der Universität Freiburg |
| spelling | Navarro, Guillermo A. 1966- Verfasser (DE-588)124550673 aut On 189 years of confusing debates over the König-Faustmann formula analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management Guillermo A. Navarro 1. Aufl. Remagen-Oberwinter Kessel 2003 XXIV, 221 S. graph. Darst. : 24 cm, 430 gr. txt rdacontent n rdamedia nc rdacarrier Schriften aus dem Institut für Forstökonomie der Universität Freiburg 18 Zugl.: Freiburg (Breisgau), Univ., Diss. Hochschulschrift gtt Ertragswert (DE-588)4152918-2 gnd rswk-swf Boden (DE-588)4007348-8 gnd rswk-swf Forstwirtschaft (DE-588)4017966-7 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Forstwirtschaft (DE-588)4017966-7 s Boden (DE-588)4007348-8 s Ertragswert (DE-588)4152918-2 s DE-604 Schriften aus dem Institut für Forstökonomie der Universität Freiburg 18 (DE-604)BV012439048 18 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=012892881&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Navarro, Guillermo A. 1966- On 189 years of confusing debates over the König-Faustmann formula analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management Schriften aus dem Institut für Forstökonomie der Universität Freiburg Hochschulschrift gtt Ertragswert (DE-588)4152918-2 gnd Boden (DE-588)4007348-8 gnd Forstwirtschaft (DE-588)4017966-7 gnd |
| subject_GND | (DE-588)4152918-2 (DE-588)4007348-8 (DE-588)4017966-7 (DE-588)4113937-9 |
| title | On 189 years of confusing debates over the König-Faustmann formula analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management |
| title_auth | On 189 years of confusing debates over the König-Faustmann formula analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management |
| title_exact_search | On 189 years of confusing debates over the König-Faustmann formula analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management |
| title_full | On 189 years of confusing debates over the König-Faustmann formula analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management Guillermo A. Navarro |
| title_fullStr | On 189 years of confusing debates over the König-Faustmann formula analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management Guillermo A. Navarro |
| title_full_unstemmed | On 189 years of confusing debates over the König-Faustmann formula analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management Guillermo A. Navarro |
| title_short | On 189 years of confusing debates over the König-Faustmann formula |
| title_sort | on 189 years of confusing debates over the konig faustmann formula analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management |
| title_sub | analysis of the hidden assumptions in three different formulas and consequences for their applications to forest management |
| topic | Hochschulschrift gtt Ertragswert (DE-588)4152918-2 gnd Boden (DE-588)4007348-8 gnd Forstwirtschaft (DE-588)4017966-7 gnd |
| topic_facet | Hochschulschrift Ertragswert Boden Forstwirtschaft |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=012892881&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV012439048 |
| work_keys_str_mv | AT navarroguillermoa on189yearsofconfusingdebatesoverthekonigfaustmannformulaanalysisofthehiddenassumptionsinthreedifferentformulasandconsequencesfortheirapplicationstoforestmanagement |