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has been cited by the following article:

• TITLE: Theoretical Reserve Price in Forestry

  AUTHORS: Francis Didier Tatoutchoup

  KEYWORDS: Reserve Price, Auctions, Wicksell Rule, Optimal Forest Rotation, Autoregressive Process

  JOURNAL NAME: Theoretical Economics Letters, Vol.6 No.4, August 11, 2016

  ABSTRACT: This article uses the forest management problem under uncertainty to derive the optimal reservation price when a standing timber is to be auctioned. Theoretically, the resulting optimal reservation price that considers the harvesting decision is an extended version of Laffont and Maskin’s and Riley and Samuelson’s reservation price, which is suboptimal in the forestry context.