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Table 3 Operations and benefits of Norway spruce regeneration from year n onward under the high-mortality scenario (Euros per hectare)

From: Economics of species change subject to risk of climate change and increasing information: a (quasi-)option value analysis

Operations (year)

Benefits

Thinning (20–n)

−1,023

Thinning (40–n)

621

Thinning (50–n)

506

Thinning (60–n)

535

Harvest (70–n)

3,883

NPV at 4 % (n = 5)

41

NPV at 4 % (n = 10)

50

  1. Source: authors' estimates