Optimal Private and Public Harvesting under Spatial and Temporal Interdependence

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i∣ιrf Working Papers

OPTIMAL PRIVATE AND PUBLIC
HARVESTING UNDER SPATIAL AND
TEMPORAL INTERDEPENDENCE*

Erkki Koskela
Markku Ollikainen

CESifo Working Paper No. 452

April 2001

CESifo

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An electronic version of the paper may be downloaded

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* Earlier versions of this paper were presented at the International IUFRO Symposium entitled “150 years of the
Faustmann formula: The consequences for forestry and economics in the past, present and future” October, 1999,
in Darmstadt, and at the 10^th Annual Meeting of the European Association of Environmental and Resource
Economists, July 2000 in Crete. We would like to thank participants of these meetings as well as Edwin Bulte for
helpful comments. Koskela thanks Research Department of the Bank of Finland for its hospitality. This article is a
part of the project “Studies in Environmental and Resource Economics” financed by the Academy of Finland. The
funding is gratefully acknowledged.

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