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Handbook of Forest Resource Economics

Edited by Shashi Kant, Janaki Alavalapati

To Be Published December 15th 2013 by Routledge – 576 pages

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  • Hardback: $240.00
    978-0-415-62324-7
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Description

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 both traditional forestry for wood production as well as the wider environmental role of forests. The chapters are grouped into six sections: economics of provisioning services of forests; economics of regulating and supporting services of forests; economics of cultural services of forests; economics of natural disturbances; economics of forest property rights; multiple perspectives on forest economics. Written by leading environmental, natural resource and forest economists, the book represents a definitive reference volume for students of economics, forestry and natural resource management.

Contents

Part 1: Introduction

1. Introduction: Multiple Faces of Forest Resource Economics Shashi Kant and Janaki Alavalapati

Part 2: Economics of Provisioning Services of Forests

1. A Generalized Faustmann Formula and Its Applications Sun Jospeh Chang

2. The Faustmann Approach and the Catallaxy in Forestry Peter Deegen & Martin Hostettler

3. Production Behavior across Ownership Types and Regions David Wear

4. Economics of Forest Harvest Decisions Peichen Gong

5. Timber Pricing Larry A. Leefers

6. Economics of Wood-based Bioenergy Pankaj Lal & Janaki Alavalapati

7. Option Pricing and Forest Evaluation Bruce Manley

8. A Comparative Analysis of Forest Taxes Ollikainen Markku

9. Institutional Investment in Timberlands Clare Binkley

Part 3: Economics of Regulating and Supporting Services of Forests

10. Economics of Forest Carbon Sequestration G. Cornelis van Kooten and Craig Johnston

11. Economic Supply of Carbon Storage through Management of Uneven-aged Forests. Joseph Buongiorno

12. Economics of Old Growth Forests Claire A. Montgomery

13. Payment for Ecosystem Services: Lessons from Developing Countries Gary Bull, Yahzen Gong & Ravi Hegde

14. Economics of Biodiversity Conservation under Uncertainty of Climate Change Niels Strange et al.

15. Economics of REDD+ Arild Angelsen

Part 4: Economics of Cultural Services of Forests

16. Valuation of Open Spaces in Urban Environment Donald G. Hodges

17. Hunters’ Preferences and Hunting Leases Ian Munn & Anwar Hussain

Part 5: Economics of Natural Disturbances

18. Risk, Uncertainty and Forest Landowner Decisions Gregory S. Amacher & Richard J. Brazee

19. Economic Analysis of Biological Invasions in Forests Thomas P. Holmes

20 Modeling Natural Risks in Forest Production Models Bernhard Möhring & Thomas Burkhardt

Part 6: Economics of Forest Property Rights

20. Economic Implications of Forest Tenures Marty Luckert

21. Economics of Land Conservation Easements Anne Ebers & David Newman

22. Economics of Evolution of Amazon Frontier Erin Sills

23. Economics of Forest Certicifation Frederick W. Cubbage & Susan Moore

24. Economics of Forest Land Reforms in China Yaoqi Zhang, Yueqin Shen & Yali Wen

Part 7: Multiple Perspectives about Forest and Forest Economics

27. Temporal Aspects in Forest Economics Colin Price

28. Economics of Agro-forestry Evan Mercer, Frederick W. Cubbage & Greg Frey

29. Forestry and New Institutional Economics Sen Wang, Tim Bogle & Kees van Kooten

30. Political Economy of Forestry Daowei Zhang

31. Social Choice Theory and Forest Economics Shashi Kant

32. Economy-wide Impact Analysis of Forest Policies Janaki R.R. Alavalapati & Onil Banerjee

33. International Trade in Forest Resources John Perez-Garcia

34. Forest Resource Accounting Haripriya Gundimeda

35. Unresolved Questions in Forest Economics William F. Hyde

Author Bio

Shashi Kant is Professor of Forest Resource Economics and Management, Faculty of Forestry, University of Toronto, Canada. He is also leader of the Forest Resource Economics group of the International Union of Forest Research Organizations.

Janaki Alavalapati is Professor and Head, Department of Forest Resources and Environmental Conservation, Virginia Polytechnic and State University, Blacksburg, Virginia, USA.

Name: Handbook of Forest Resource Economics (Hardback) – Routledge 
Description: Edited by Shashi Kant, Janaki Alavalapati. 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...
Categories: Environmental Economics, Forestry, Forestry & Related Industries, Conservation - Environment Studies, Biogeography