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Optimal Thinning within the Faustmann Approach
Forest stands are thinned all over the world. Yet, there was hitherto no consistent theory which allowed deriving unambiguous conditions for thinnings as the harvest of trees prior to the rotation age. Renke Coordes closes this gap by proposing a new, more general view on the Faustmann model as the basic investment model in forest resource economics. With the introduction of mutual interdependencies between the trees growing in a stand and the opportunity to harvest trees prior to the rotation age, optimal thinning regimes can be derived and analyzed. The implications of the proposed model are thoroughly discussed against the background of practical forest management decisions. The author closes with adaptations to the problems of the management of mixed, multiple-use and uneven-aged stands and entire forests. In this way, a unified perspective on the management of forests as natural resources is offered.
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 i...
Resource Economics
A text for students with a background in calculus and intermediate microeconomics and a familiarity with the spreadsheet software Excel.
Forest Economics
Forestry cannot be isolated from the forces that drive all economic activity. It involves using land, labour, and capital to produce goods and services from forests, while economics helps in understanding how this can be done in ways that will best meet the needs of people. Therefore, a firm grounding in economics is integral to sound forestry policies and practices. This book, a major revision and expansion of Peter H. Pearse’s 1990 classic, provides this grounding. Updated and enhanced with advanced empirical presentation of materials, it covers the basic economic principles and concepts and their application to modern forest management and policy issues. Forest Economics draws on the strengths of two of the field’s leading practitioners who have more than fifty years of combined experience in teaching forest economics in the United States and Canada. Its comprehensive and systematic analysis of forest issues makes it an indispensable resource for students and practitioners of forest management, natural resource conservation, and environmental studies.
Resource Economics
The book covers basic concepts, shows how to set up spreadsheets to solve dynamic allocation problems, and presents economic models for various industries.
Dynamics, Silviculture and Management of Mixed Forests
The capacity of mixed forests to mitigate climate change effects by increasing resilience and lowering risks is pinpointed as an opportunity to highlight the role of tree species rich forests as part of complex socio-ecological systems. This book updates and presents the state-of-the-art of mixed forest performance in terms of regeneration, growth, yield and delivery of ecosystem services. Examples from more than 20 countries in Europe, North Africa and South America provide insights on the interplay between structure and functionining, stability, silviculture and optimization of management of this type of forests. The book also analyses the role of natural mixed forests and mixed plantations in the delivery of ecosystem services and the best modelling strategy to study mixed forest dynamics. The book is intended to serve as a reference tool for students, researchers and professionals concerned about the management of mixed forests in a context of social and environmental change.
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 i...
