Title
Forest Resource Economics and Finance,Used
Sold by Ergodebooks, an authorized reseller.
Returns accepted within 30 days | support@ergodebooks.com
Shipping Information
- Free Standard Shipping — United States only
- Processing Time: 1–3 business days
- Estimated Delivery: 3–5 business days after dispatch
- Double-boxed, fully insured & discreetly packaged
- Tracking number sent via email once dispatched
- Orders over $250 require signature upon delivery. Taxes calculated at checkout.
Returns & Refund
Returns accepted within 30 days of delivery.
Damaged or Defective Item
Free return shipping + replacement or full refund
Wrong Item Received
Free return shipping + replacement or full refund
Change of Mind
Return shipping at customer's expense · 25% restocking fee applies
Payment Option
This is a paperback edition of the hardcover with a 1996 copyright. The book is aimed at undergraduate forestry students, but practicing foresters and resource analysts should also find it a useful reference. Throughout, emphasis is on economics as a way of thinking in which we compare added costs and benefits of actions in order to maximize net benefits. A general review of microeconomics in Chapter 2 leads to the theory of welfare maximization in a free market and how 'market failures' keep us from this maximum. The analysis gives forestry examples and shows what policy actions might make us better off or worse off than under a completely free market. With the basics in capital theory, students will learn how to evaluate forestry investments in a way which embraces important environmental factors. Separate chapters show how to include inflation and taxes in these analyses. Financial appraisal of forest management actions includes evenaged stands and unevenaged forests without clearcutting.One chapter shows how risk can be incorporated into forest investment analysis, and another gives students background in appraising market values of forest properties. Following a review of the timber industry and timber supply and demand concepts, students will learn how to estimate monetary values of nonmarket outputs and include them in multipleuse forest management decisions. Final chapters cover regional economic analysis and forestry in a global context.Throughout the book are abundant numerical examples of calculations, graphic explanation of concepts, and problems for students to solve. Strong features of this book are the informal and lucid writing style, many examples of how to apply economic principles in understanding and solving practical forestry problems, and emphasis on how to include nonmonetary values into economic thinking and financial calculations in forestry.Another key feature is an accent on analyzing current conflicts and tradeoffs which will be prominent forestry issues in the 21st century: laissez faire free market policies versus different types of government intervention, economic development versus environmental conservation, private property rights versus public amenity rights, and timber versus nontimber outputs.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the primary focus of 'Forest Resource Economics and Finance'? A: The book primarily focuses on applying economic principles to forestry, emphasizing the comparison of costs and benefits to maximize net benefits.
- Q: Who is the intended audience for this book? A: The book is aimed at undergraduate forestry students, but it is also useful for practicing foresters and resource analysts.
- Q: What topics are covered in the book? A: Topics include microeconomics, welfare maximization in free markets, forestry investment evaluation, inflation, taxes, risk analysis, market value appraisals, and regional economic analysis.
- Q: Does the book contain practical examples? A: Yes, the book includes numerous numerical examples, graphic explanations, and problems for students to solve.
- Q: What is the format of the book? A: The book is a paperback edition with glued perfect binding, measuring 6 x 9 x 1 5/16 inches and weighing 2 pounds.
- Q: What is the page count of 'Forest Resource Economics and Finance'? A: The book contains a total of 551 pages.
- Q: Is this book suitable for professionals in the forestry field? A: Yes, practicing foresters and resource analysts will find it a valuable reference alongside students.
- Q: What edition of the book is available? A: The available edition is the 1st edition, published on January 1, 2003.
- Q: How does the book address current forestry issues? A: The book analyzes conflicts and tradeoffs in forestry, such as market policies versus government intervention and economic development versus environmental conservation.
- Q: What are the key features that enhance the learning experience in this book? A: Key features include an informal writing style, practical applications of economic principles, and a focus on incorporating nonmonetary values into forestry financial calculations.