Forest Resource Economics And Finance

Forest Resource Economics and Finance is intended for undergraduate forestry students, but practicing foresters and policy analysts will also find it a useful reference. The text emphasizes economics as a way of thinking in which we compare added costs and benefits of actions in order to maximize net benefits. With the basics of capital theory, readers learn how to evaluate forestry investments in a way that embraces important environmental factors. Another key feature is a focus on analyzing current conflicts and tradeoffs that will continue to be prominent forestry issues in the 21st century: free market policies versus different levels of government intervention, economic development versus environmental conservation, private property rights versus public amenity rights, and timber versus non-timber outputs. This text also addresses additional topics not often found in other forest economic books including: economics of non-clearcutting management systems, economics of forest damage, risk analysis, inflation, environmental economics, capital budgeting, and regional economics. Add to this a micro-economics review, multiple-use and non-market good analysis, optimal capital management, benefit/cost analysis, timber supply and demand issues, appraisal and valuation, forest industry economics, and world forestry issues, and you have the most comprehensive forest economics text on the market. In addition to new and updated figures throughout the text, this newly-revised second edition provides an overview of important trends in the modern timber industry including advancements in engineered wood, international trade, global environmental issues, as well as community forestry and agroforestry.

Perfect for the first course in Forest Economics, this text emphasizes economics as a way of thinking in which added costs and benefits of action are compared in order to maximize net benefits. Geared for those students with an economic background (microeconomics preferred), Klemperer has focused on solving basic economic problems forestry analysts encounter, as well as discussing enough economic theory to understand the solutions. Because of that, the basics in capital theory are interwoven and students learn how to evaluate forestry investments in a way which embraces important environmental factors.

This book is intended for undergraduate forestry students, but practicing foresters andpolicy analysts will also fi nd it a useful reference. The text emphasizes economics asa way of thinking in which we compare added costs and benefi ts of actions in order tomaximize net benefi ts. With the basics of capital theory, readers learn how to evaluateforestry investments in a way that embraces important environmental factors. Anotherkey feature is a focus on analyzing current confl icts and tradeoffs that will continue tobe prominent forestry issues in the 21st century: free market policies versus differentlevels of government intervention, economic development versus environmentalconservation, private property rights versus public amenity rights, and timber versusnon-timber outputs. This text also addresses additional topics not often found in otherforest economic books including: economics of non-clearcutting management systems,economics of forest damage, risk analysis, infl ation, environmental economics, capitalbudgeting, and regional economics. Add to this a micro-economics review, multipleuseand non-market good analysis, optimal capital management, benefi t/cost analysis,timber supply and demand issues, appraisal and valuation, forest industry economics,and world forestry issues, and you have the most comprehensive forest economicstext on the market. In addition to new and updated fi gures throughout the text, thisnewly-revised second edition provides an overview of important trends in the moderntimber industry including advancements in engineered wood, international trade,global environmental issues, as well as community forestry and agroforestry.

It is increasingly recognized that the economic value of forests is not merely the production of timber. Forests provide other key ecosystem services, such as being sinks for greenhouse gases, hotspots of biodiversity, tourism and recreation. They are also vitally important in preventing soil erosion and controlling water supplies, as well as providing non-timber forest products and supporting the livelihoods of many local people. This handbook provides a detailed, comprehensive and broad coverage of forest economics, including traditional forest economics of timber production, economics of environmental role of forests, and recent developments in forest economics. The chapters are grouped into six parts: fundamental topics in forest resource economics; economics of forest ecosystems; economics of forests, climate change, and bioenergy; economics of risk, uncertainty, and natural disturbances; economics of forest property rights and certification; and emerging issues and developments. Written by leading environmental, forest, and natural resource economists, the book represents a definitive reference volume for students of economics, environment, forestry and natural resource economics and management.

"How are forest resources created and used? How do they contribute to our happiness? What are some of the issues in forest resource stewardship? How should these issues be addressed? What principles should be followed? What is the future of forestry? How can - and do - we affect its future?" "Such is the subject of Introduction To Forest Resource Economics." "From the "Father of Forestry Economics," this new book delivers far more than just the economics of forests. This impressive work provides readers with a realistic view of forestry economics, based on the author's experience of over 40 years in forestry. It covers a wide range of topics - carefully subdivided to enable readers to easily focus on one or more narrow topics of special interest." "Approaching forestry economics from a social science perspective and considering the human factors involved, the book includes consumers and consumers attitudes. Special emphasis is placed on the critically important areas of world forestry, nontimber forestry, and consumer economics, and an important theme of the book involves nations' interdependencies: geographic, cultural, and political."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

This title was first published in 2003. The 'Economics of Forestry' is a specialized subset of resource economics addressing a specific natural resource - the forest - which is usually a relatively long time period. Hence, forest economics has characteristics similar to nonrenewable resources but also has those of a renewable resource, in some cases approaching those of agriculture. This volume comprises some of the most significant journal essays in forest economics and forest policy. The International Library of Environmental Economics and Policy explores the influence of economics on the development of environmental and natural resource policy. In a series of twenty five volumes, the most significant journal essays in key areas of contemporary environmental and resource policy are collected. Scholars who are recognized for their expertise and contribution to the literature in the various research areas serve as volume editors and write essays that provides the context for the collection. Volumes in the series reflect three broad strands of economic research including 1) Natural and Environmental Resources, 2) Policy Instruments and Institutions and 3) Methodology. The editors, in their introduction to each volume, provide a state-of-the-art overview of the topic and explain the influence and relevance of the collected papers on the development of policy. This reference series provides access to the economic literature that has shaped contemporary perspectives on land use analysis and policy.