search query: @author Schwartz, E. / total: 11
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| Author: | Morck, R. Schwartz, E. Stangeland, D. |
| Title: | The valuation of forestry resources under stochastic prices and inventories |
| Journal: | Journal of Financial and Quantitative Analysis
1989 : DEC, VOL. 24:4, p. 473-487 |
| Index terms: | FORESTRY INDUSTRY ASSET VALUATION STOCHASTIC PROCESSES |
| Language: | eng |
| Abstract: | Use of a contingent claims approach related to duration of an investment in forestry resources, i.e. when to cut down the trees, and stochastic prices and inventories. Valuation model of forestry resources. Boundary conditions and constraints. Example: specification and coefficient estimates. Results. Contingent claims approach to capital budgeting. Ten Figures and a Table of estimated coefficients for a hypothetical white pine forest illustrate the study. |
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