1st Edition

Handbook of Forest Resource Economics

Edited By Shashi Kant, Janaki Alavalapati Copyright 2014
    576 Pages 100 B/W Illustrations
    by Routledge

    576 Pages 100 B/W Illustrations
    by Routledge

    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


    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