@article{Graham-Tomasi:13405,
      recid = {13405},
      author = {Graham-Tomasi, Theodore},
      title = {ON THE OPTIMAL DEPLETION OF OLD-GROWTH FORESTS AND THE  PRESERVATION OF WILDERNESS},
      address = {1984},
      number = {1701-2016-138876},
      series = {Staff Paper P84-7},
      pages = {57},
      year = {1984},
      abstract = {The problem of optimal depletion of old-growth forests and  establishment of plantations is explored.  The old-growth  has value for the timber products it contains and the  wilderness services it provides if left unharvested.  The  optimal amount of wilderness preserved in the steady-state  is characterized and found to increase with increased  interest rates and decreased cost of production.  The  wilderness preserve is largest when silvicultural effort is  utilized optimally in plantations.  The problem of small  initial stock sizes is investigated.},
      url = {http://ageconsearch.umn.edu/record/13405},
      doi = {https://doi.org/10.22004/ag.econ.13405},
}