388 pages | 124 B/W Illus.
Forestry Economics introduces students and practitioners to all aspects of the management and economics of forestry. The book adopts the approach of managerial economics textbooks and applies this to the unique processes and problems faced by managers of forests. While most forestry economics books are written by economists for future economists, what many future forest and natural resource managers need is to understand what economic information is and how to use it to make better business and management decisions. John E. Wagner draws on his twenty years of experience teaching and working in the field of forest resource economics to present students with an accessible understanding of the unique production processes and problems faced by forest and other natural resource managers.
There are three unique features of this book:
This textbook is an invaluable source of clear and accessible information on forestry economics and management for not only economics students, but for students of other disciplines and those already working in forestry and natural resources.
1. Introduction 2. Production Systems 3. Costs 4. Revenue 5. Profit 6. Supply and Demand 7. Market Equilibrium and Structure 8. Capital Theory: Investment Analysis 9. The Forest Rotation Problem 10. Capital Theory: Risk 11. Forest Taxes 12. Estimating Nonmarket Values