Painting of Felix Mendelssohn-Bartholdy by Eduard Magnus Portraits Men

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Painting of Freiherr Martin von Magnus Family Portraits Family

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Painting of Fanny Orthenberger Portraits; Children

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Reproduction of painting by Frieda Ruelf of Rabbi Dr. Isaac Ruelf Portraits; Men

Signed by the artist bottom right

Painting of Albert Einstein Portraits; Men

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Econometric models of Finnish non-industrial private forest owners' timber supply and timber stock

This dissertation examines the short- and long-run impacts of timber prices and other factors affecting NIPF owners' timber harvesting and timber stocking decisions. The utility-based Faustmann model provides testable hypotheses of the exogenous variables retained in the timber supply analysis. The timber stock function, derived from a two-period biomass harvesting model, is estimated using a two-step GMM estimator based on balanced panel data from 1983 to 1991. Timber supply functions are estimated using a Tobit model adjusted for heteroscedasticity and nonnormality of errors based on panel data from 1994 to 1998. Results show that if specification analysis of the Tobit model is ignored, inconsistency and biasedness can have a marked effect on parameter estimates. The empirical results show that owner's age is the single most important factor determining timber stock; timber price is the single most important factor in harvesting decision. The results of the timber supply estimations can be interpreted using utility-based Faustmann model of a forest owner who values a growing timber in situ.

Photographic reproduction of oil painting portrait of Samuel Meyer Ehrenberg Portraits Men

Original painting with Louis Rosenzweig, New Haven, CT

Photograph of oil painting portrait of Samuel Loewen; Berlin Portraits Men

Handwritten description on verso

Photograph of oil painting portrait by Olaf Segerfeldt of Rudolf Simonis Portraits Men

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Reproduction of oil painting portrait of Liepmann Seligmann Danziger Portraits Men

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Reproduction of oil painting portrait of Judith Danziger nee Nathan Portraits Women

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Reproduction of oil painting portrait of Sara Pesche Polack nee Ruben Hirsch Portraits Women

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Reproduction of oil painting portrait of Ernestine Salomonsen nee Philip Portraits Women

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Photograph of oil painting portrait of Samuel Loewen; Berlin Portraits Men

circa 1747 in Potsdam - 30 November 1827 in Berlin; father of Rosa Valentin