Forest Economics, Revised and Expanded Edition

<P>A firm grounding in economics is integral to sound forest management, investment, policies, and practices. <EM>Forest Economics</EM> covers the basic economic concepts, principles, and constructs and shows how these are applied in private and public forestry decision making.</P> <P>This comprehensive edition contains up-to-date data, examples, and applications of economic principles, along with literature and study questions, and additional valuable content in several key areas:</P> <UL> <UL></UL> <LI>forest finance and forestland investment/ownership, including financial economic models</LI> <LI>simple interest rate and risk measurements</LI> <LI>market distortion</LI> <LI>consumer theory</LI> <LI>priced non-timber values and payment for ecosystem services</LI> <LI>land rent theory</LI> <LI>the economics of forest management planning and forest health/wildfire economics</LI> <LI>an international comparison of forest taxes and fees</LI> <LI>property rights beyond the private/public ownership binary</LI> <LI>the measurement of competitiveness in international trade</LI> <LI>a new theory of foreign direct investment.</LI></UL> <P>The advanced empirical presentation and keen attention to new developments in the field reflect the authors' decades of teaching experience in the United States and Canada. <EM>Forest Economics</EM> is quite simply indispensable.</P>