Handbook of Forest Resource Economics: 1st Edition (Hardback) book cover

Handbook of Forest Resource Economics

1st Edition

Edited by Shashi Kant, Janaki Alavalapati


560 pages | 100 B/W Illus.

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Paperback: 9781138573185
pub: 2017-10-27
Hardback: 9780415623247
pub: 2014-04-15
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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

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

About the Editors

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.

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Environmental Economics
SCIENCE / Environmental Science
TECHNOLOGY & ENGINEERING / Agriculture / Forestry