Handbook of Forest Resource Economics  book cover
1st Edition

Handbook of Forest Resource Economics

ISBN 9781138573185
Published October 27, 2017 by Routledge
576 Pages 100 B/W Illustrations

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Book Description

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

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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.