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No need for second thoughts, Dan.  The reasoning goes both ways.  The discount rate
affects the profit maximizing harvest strategy, but like with a Ricardian corn-corn model,
the returns from harvesting the trees will have to be equal to the general rate of
interest.  I believe that Wicksell made an argument like that, but I have not located it
yet.
 
Thanks to everybody for their stimulating responses. 
 
Michael Perelman 
 
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