“…Amenities to a lesser extent have been introduced in problems with stochastic market parameters, and a few articles consider stochastic amenities themselves (Gong et al 2005, Reed, 1993, Conrad 1997, Alvarez and Koskela 2007. And of course, because amenities can be defined as public goods, and a landowner would not be expected to have identical preferences to a social decision maker, Hartman type rotation models have been instrumental in defining the nature of externalities and social costs involving forests, with a wide range of applications including deforestation, forest taxation and subsidy design, biodiversity, and carbon storage.…”