Forest Economics : Principles and Applications

Contents: 1. Introduction. 2. Importance of Forests and Forest Industries to a Country. 3. The Production Function. 4. The Concept of Demand. 5. The Market. 6. Imperfect Competition. 7. Trade in Forest Products. 8. Time Preference. 9. Valuation of a Forest Property. 10. Rent and Stumpage. 11. The Forest Management Firm. 12. Optimal Economic Rotation. 13. Multiple Product Management. 14. Intensive and Extensive Management. 15. Principles of Economics in Land-Use. 16. Linear Programming in Forest Economics. 17. Non-Timber Products of Forestry. 18. Market Failure and Government Intervention. 19. Uncertainty and Economic Decisions. 20. Project Evaluation. 21. Some Public Policy Issues. Bibliography.

Forest Economics: Principles and Applications is the most comprehensive book on the subject ever written. It presents the basic principles of economics in a forestry context, dealing in great detail with basic economic concepts such as the production function, supply and demand, the market, competition and trade. It also takes the reader to more advanced applications in forest management, covering such issues as valuation of a property, rent and stum page, the forest management firm, economic rotation, multiple product management and government intervention. This book is indispensable for all students and practitioners in the filed of forestry.