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Welfare Implications of the Allowable Cut Effect in the Context of Sustain Yield and Sustainable Development Forestry
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In 1972, Schweitzer et al. defined the allowable cut effect (ACE) as an \"...immediate increase in today's allowable cut which is attributable to expected future increases in (timber) yields.\" Having made this observation, the authors requested feedback on how the ACE should be considered in...
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