ABSTRACT
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.
TABLE OF CONTENTS
chapter |8 pages
Evolving forest resource economic thought
part |2 pages
PART 1 Fundamental topics in forest resource economics
chapter |15 pages
The Faustmann approach and the catallaxy in forestry
chapter |24 pages
The generalized Faustmann formula
chapter |17 pages
Temporal aspects in forest economics
chapter |14 pages
Forest ownership, policy and economics
chapter |16 pages
Timber pricing
chapter |18 pages
Forest taxation
chapter |18 pages
International trade in forest resources
part |2 pages
PART 2 Economics of forest ecosystems
chapter |14 pages
Choice experiments and valuing forest attributes
chapter |13 pages
The economics of old-growth forests
chapter |13 pages
Valuation of open spaces in urban environments
chapter |13 pages
Hunting leases: Markets and economic implications
chapter |22 pages
Economics of agroforestry
chapter |15 pages
Payment for ecosystem services: Lessons from developing countries
part |2 pages
PART 3 Economics of forests, climate change and bioenergy
chapter |16 pages
Forests and climate change: Economic perspectives
chapter |15 pages
Economics of forest carbon sequestration
chapter |15 pages
Economics of forest biomass-based energy
chapter |17 pages
The economics of REDD+
part |2 pages
PART 4 Economics of risk, uncertainty and natural disturbances
chapter |13 pages
Risk and uncertainty in forest resources decision making
chapter |12 pages
Real option analysis in forest management decision making
chapter |18 pages
Economic analysis of biological invasions in forests
part |2 pages
PART 5 Economics of forest property rights and certification
chapter |14 pages
Economic implications of forest tenures
chapter |14 pages
Economics of the evolution of the Amazon frontier
chapter |14 pages
Economics of conservation easements
part |2 pages
PART 6 Emerging issues and developments