1st Edition
Handbook of Forest Resource Economics
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.
1. Evolving Forest Resource Economic Thought
Shashi Kant and Janaki Alavalapati (Editors)
Part 1: Fundamental Topics in Forest Resource Economics
2. The Faustmann Approach and the Catallaxy in Forestry
Peter Deegen and Martin Hostettler
3. The Generalized Faustmann Formula
Sun Joseph Chang
4. Temporal Aspects in Forest Economics
Colin Price
5. Forest Ownership, Policy and Economics
David Wear
6. Timber Pricing
Larry A. Leefers and Awang Noor Abd. Ghani
7. Forest Taxation
Markku Ollikainen
8. International Trade in Forest Resources
John Perez-Garcia and Alicia Robbins
Part 2: Economics of Forest Ecosystems
9. Choice Experiments and Valuing Forest Attributes
Kevin J. Boyle and Thomas P. Holmes
10. Economics of Old-Growth Forests
Claire A. Montgomery and Mindy S. Crandall
11. Valuation of Open Spaces in Urban Environment
Neelam C. Poudyal and Donald G. Hodges
12. Hunting Leases: Markets and Economic Implications
Ian Munn and Anwar Hussain
13. Economics of Agro-forestry
D. Evan Mercer, Gregory E. Frey and Frederick W. Cubbage
14. Payment for Ecosystem Services: Lessons from Developing Countries
Yazhen Gong, Ravi Hegde, and Gary Q. Bull
Part 3: Economics of Forests, Climate Change, and Bioenergy
15. Forests and Climate Change: Economic Perspectives
Brent Sohngen
16. Economics of Forest Carbon Sequestration
G. Cornelis van Kooten, Craig Johnston and Zhen Xu
17. Economic Supply of Carbon Storage through Management of Uneven-Aged Forests
Joseph Buongiorno, Ole Martin Bollandsås, Espen Halvorsen, Terje Gobakken, Ole Hofstad
18. Economics of Forest Biomass-based Energy
Pankaj Lal and Janaki Alavalapati
19. Economics of REDD+
Arild Angelsen
Part 4: Economics of Risk, Uncertainty, and Natural Disturbances
20. Risk and Uncertainty in Forest Resource Decision Making
Gregory S. Amacher and Richard J. Brazee
21. Modeling Natural Risks in Forest Decision Models by Means of Survival Functions
Thomas Burkhardt, Bernhard Möhring, and Johannes Gerst
22. Real Option Analysis in Forest Management Decision Making
Rajendra P. Khajuria
23. Economics and Planning of Biodiversity Conservation under Uncertainty of Climate Change
Niels Strange, Jette Bredahl Jacobsen, David Noguès-Bravo, Thomas Hedemark Lundhede, Carsten Rahbek, Bo Jellesmark Thorsen
24. Economic Analysis of Biological Invasions in Forests
Thomas P. Holmes, Juliann Aukema, Jeffrey Englin, Robert G.Haight, Kent Kovacs, and Brian Leung
Part 5: Economics of Forest Property Rights and Certification
25. Economic Implications of Forest Tenures
Marty Luckert
26. Economics of Evolution of Amazon Frontier
Erin Sills
27. China’s Forestland Tenure Reforms: Redefining and Recontracting the Bundle of Rights
Yaoqi Zhang, Yueqin Shen, Yali Wen, Yi Xie, and Sen Wang
28. Economics of Conservation Easements
Anna Ebers and David Newman
29. The Economics of Forest Certification and Corporate Social Responsibility
Anne Toppinen, Frederick Cubbage, and Susan Moore
Part 6: Emerging Issues and Developments
30. Forestry and the New Institutional Economics
Sen Wang, Tim Bogle, and G. Cornelis van Kooten
31. Political Economy of Forestry
Daowei Zhang
32. Game Theoretic Modeling in Forest Economics
Pradeep Kumar and Shashi Kant
33. Forest Resource Accounting
Haripriya Gundimeda
34. Forest Policy Modeling in an Economy-wide Framework
Janaki Alavalapati and Onil Banerjee
35. Twelve Unresolved Questions for Forest Economics – and Two Crucial Recommendations for Forest Policy Analysis
William F. Hyde
Biography
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 R. R. Alavalapati is Professor and Head, Department of Forest Resources and Environmental Conservation, Virginia Polytechnic and State University, Blacksburg, Virginia, USA.
"The volume's 35 chapters are divided into six parts covering basic information; forest ecosystems; climate change and bioenergy; risks and natural disturbances; property rights; and emerging concerns. The book would be an excellent reader for a graduate-level class. The range of topics is generally broad, and the methods described by different authors allow readers to see how different types of problems and their solutions may be approached. Summing up: Recommended" - B. D. Orr, Michigan Technological University, CHOICE Reviews, January 2015
