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On the optimization of legislative periods — Similarities to the optimization of rotation periods

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  • Kaiser, Robert
  • Bösch, Matthias
  • Moog, Martin

Abstract

The optimal length of legislative periods has been debated extensively throughout history. This study examines the applicability of models known from forestry and forest economics for optimizing rotation periods (Faustmann formula) and deciding whether a forest stand has reached maturity (Pressler's ‘indicator percent’) to the field of politics. After drawing possible analogies between optimizing rotation periods (or investment cycles) and optimizing election periods it is investigated whether empirical evidence exists for the alleged analogies in European democracies.

Suggested Citation

  • Kaiser, Robert & Bösch, Matthias & Moog, Martin, 2013. "On the optimization of legislative periods — Similarities to the optimization of rotation periods," Forest Policy and Economics, Elsevier, vol. 27(C), pages 1-7.
    • Handle: RePEc:eee:forpol:v:27:y:2013:i:c:p:1-7
    DOI: 10.1016/j.forpol.2012.10.006
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    References listed on IDEAS

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    1. Gong, Peichen & Löfgren, Karl-Gustaf, 2010. "Did Pressler fully understand how to use the indicator per cent?," Journal of Forest Economics, Elsevier, vol. 16(3), pages 195-203, August.
    2. Hartman, Richard, 1976. "The Harvesting Decision When a Standing Forest Has Value," Economic Inquiry, Western Economic Association International, vol. 14(1), pages 52-58, March.
    3. John Williamson, 1994. "The Political Economy of Policy Reform," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 68, January.
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    Cited by:

    1. Bösch, Matthias & Elsasser, Peter & Rock, Joachim & Rüter, Sebastian & Weimar, Holger & Dieter, Matthias, 2017. "Costs and carbon sequestration potential of alternative forest management measures in Germany," Forest Policy and Economics, Elsevier, vol. 78(C), pages 88-97.

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