University of British Columbia Press Forest Economics, Revised and Expanded Edition

A firm grounding in economics is integral to sound forest management, investment, policies, and practices. Forest Economics covers the basic economic concepts, principles, and constructs and shows how these are applied in private and public forestry decision making.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:forest finance and forestland investment/ownership, including financial economic modelssimple interest rate and risk measurementsmarket distortionconsumer theorypriced non-timber values and payment for ecosystem servicesland rent theorythe economics of forest management planning and forest health/wildfire economicsan international comparison of forest taxes and feesproperty rights beyond the private/public ownership binarythe measurement of competitiveness in international tradea new theory of foreign direct investment.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. Forest Economics is quite simply indispensable.