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    Chapter

    Land Expectation Value to Profit Maximization: Re-Examination of the Faustmann Formula

    By comparing the use of land expectation value (LEV), internal rate of return (IRR), labor wage expectation value (WEV), and profit (PF) in finding optimum rotation age in forest management, it is argued that...

    Yaoqi Zhang, Suman Majumdar in Post-Faustmann Forest Resource Economics (2013)