(117.65 USD cubic meter−1)) are presented in Table 5. The change in
the rotation age to a rise in the timber price was similar to the one
with an increase in the carbon price. At an 8% discount rate, the rotation
age (from 10 to 11 years, Table 2) and the bird density (from 50 to 54
individuals ha−1, Table 2) remained constant with a rise in the timber
price. The rotation age and the bird density were again determined by
the MVP constraint. The relative increase in the NPV was substantially
larger (52%) than the rise in the timber price