Overview

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 models simple interest rate and risk measurements market distortion consumer theory priced non-timber values and payment for ecosystem services land rent theory the economics of forest management planning and forest health/wildfire economics an international comparison of forest taxes and fees property rights beyond the private/public ownership binary the measurement of competitiveness in international trade a 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.

Full Product Details

9780774872898

Table of Contents

Reviews

""In a world with few options for forest economics and finance texts, this one provides a comprehensive, readable, and accessible overview of all relevant topics and concepts ... I haven't found anything superior.""-- ""Michael Jacobson, Pennsylvania State University"" ""Forest Economics: Revised and Expanded Edition, by Zhang and Pearse, is a comprehensive update that enhances its predecessor with new chapters on forest finance, expanded coverage of non-timber values, and updated data throughout. Its clear, structured approach and practical examples make it an essential resource for understanding modern forest economics, policy, and investment.""-- ""Gregory Paradis, Department of Forest Resources Management, University of British Columbia"" ""I have used Zhang and Pearse's Forest Economics to teach undergraduate and graduate students for many years. The book provides comprehensive coverage of key topics suitable for both Canadian and American students. The new edition builds on previous editions with increased emphasis on non-market valuation, ecosystem services, and trade.""-- ""William White, Department of Resource Economics and Environmental Sociology, University of Alberta"" ""The combination of proven flow and structure as well as the new extensions ... renders Forest Economics: Revised and Expanded Edition a valuable textbook and reference work not only for forestry students but also for practitioners, including family forest owners and their advisers, industrial and institutional foresters, timberland investors, as well as managers of public forests.""-- ""Peter Deegen, TUD University of Technology Dresden (Germany)""

Author Information

Daowei Zhang is George W. Peake Professor of forest economics and policy and associate dean of research in the College of Forestry, Wildlife, and Environment at Auburn University in Alabama. He worked at the Ministry of Forestry and China Development Bank and served as a senior forestry officer and team leader for climate change and resilience at the Food and Agriculture Organization of the United Nations. Among his publications are From Backwoods to Boardrooms: The Rise of Institutional Investment in Timberland and The Softwood Lumber War: Politics, Economics, and the Long U.S.-Canadian Trade Dispute. Peter H. Pearse is a professor emerit in the Faculty of Forestry at the University of British Columbia and is a registered professional forester (retired). He also served as a board member for Alcoa and is a member of the Order of Canada.

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