@article{Price:199241,
      recid = {199241},
      author = {Price, C.},
      title = {Optimal rotation with differently-discounted benefit  streams},
      journal = {Scandinavian Forest Economics: Proceedings of the Biennial  Meeting of the Scandinavian Society of Forest Economics},
      address = {2014-12-31},
      number = {1334-2016-103875},
      series = {Scandinavian Forest Economics},
      pages = {7},
      month = {Dec},
      year = {2014},
      abstract = {The case is often now made that discount rates should  decline with time. Underlying reasons include that some  kinds benefit (or cost) might be discounted at a lower rate  than that used for others : in particular, that rates for  carbon values and environmental amenities might be less  than that for timber. A lengthening sequence of rotations  then arises, whether the benefits are consumptive ones  realised at the rotation end, or non-consumptive ones whose  annual value increases through the rotation. A timber  discount rate lower than that for non-consumptive benefits  leads to a shortening sequence of rotations. The results  differ importantly from those of discounting at a reducing  rate through time.},
      url = {http://ageconsearch.umn.edu/record/199241},
      doi = {https://doi.org/10.22004/ag.econ.199241},
}