Synopses & Reviews
This book provides a state-of-the-art review of both classical and emerging themes in forest resource economics. The authors show how neo-classical economic principles can be used to analyze forest policy issues across existing and developing market economies in the United States, Latin America, and South and Southeast Asia. The chapters encompass traditional and modern areas of concern in forest policy, including timber production and markets, multiple use forestry, and valuation of non-market benefits. These topics are developed with case studies that demonstrate rigorous empirical analysis in a manner accessible to readers with a background in intermediate microeconomic theory and statistics. The book is intended for forest economists, forest policy analysts, and graduate students studying natural resource economics.
Table of Contents
Contributors. Preface.
1. Introduction;
E.O. Sills, K.L. Abt. 2. Global Forests;
J.P. Siry, F.W. Cubbage. 3. Private Forests;
F.W. Cubbage, A.G. Snider, K.L. Abt, R.J. Moulton. I: Timber Production and Markets. 4. Optimal Stand Management; K.L. Abt, J.P. Prestemon. 5. Forest Production; J.P. Siry, F.W. Cubbage, E.O. Sills. 6.Financial Analysis of Timber Investments; F.C. Zinkhan, F.W. Cubbage. 7. Timber Production Efficiency Analysis; D.R. Carter, J.P. Siry. 8. Aggregate Timber Supply; D.N. Wear, S.K. Pattanyak. 9. Timber Demand; R.C. Abt, S. Ahn. 10. Structure and Efficiency of Timber Markets; B.C. Murray, J.P. Prestemon. 11. International Trade in Forest Products; J.P. Prestemon, J. Buongiorno, D.N. Wear, J.P. Siry.
II: Multiple Products from Forests. 12. Public Timber Supply under Multiple-Use Management; D.N. Wear. 13. Economics of Forest Carbon Sequestration; B.C. Murray. 14. Timber and Amenities on Nonindustrial Private Forest Land; S.K. Pattanayak, K.L. Abt, T.P. Holmes. 15. Nontimber Forest Products in the Rural Household Economy; E.O. Sills, S. Lele, T.P. Holmes, S.K. Pattanayak. 16. Agroforestry Adoption by Smallholders; D.E. Mercer, S.K. Pattanayak.
III: Non-Market Valuation. 17. Contingent Valuation of Forest Ecosystem Protection; R.A. Kramer, T.P. Holmes, M. Haefele. 18. Stated Preference Methods for Valuation of Forest Attributes; T.P. Holmes, K.J. Boyle. 19. Estimating Forest Recreation Demand Using Count Data Models; J.E. Englin, T.P. Holmes. E.O. Sills. 20. Forest Ecosystem Services as Production Inputs; S.K. Pattanayak, D.T. Butry.