Screen LibraryPost-Faustmann forest resource economics
The current paradigm of forest economics is based on Faustmann Formulation (FF) of land expectation value proposed by Martin Faustmann. It was a great achievement by a forester to propose a formulation that captures some fundamental economic features of capital theory which. However, the followers o...
Saved in:
| Corporate Authors: | |
|---|---|
| Group Author: | |
| Published: |
|
| Literature type: | Electronic eBook |
| Language: | English |
| Series: |
Sustainability, Economics, and Natural Resources ;
v.4 |
| Subjects: | |
| Online Access: |
http://dx.doi.org/10.1007/978-94-007-5778-3 |
| Summary: |
The current paradigm of forest economics is based on Faustmann Formulation (FF) of land expectation value proposed by Martin Faustmann. It was a great achievement by a forester to propose a formulation that captures some fundamental economic features of capital theory which. However, the followers of the FF approach have trapped themselves into the past, and have not shown any indication of economic acumen of the great Faustmann. This has resulted in a common problem in the current paradigm of forest economics, known as Faustmann Forest Resource Economics (FFRE), to prescribe the application of a single (FF) approach to all situations irrespective of the specific features of the situation. |
| Carrier Form: | 1 online resource (xvii, 293 p.) : col. ill. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9789400757783 (electronic bk.) 9400757786 (electronic bk.) |
| Index Number: | SD561 |
| CLC: | S75 |
| Contents: |
Post-Faustmann Forest Resource Economics / Are Forest User Groups Rational Economic or Social Agents? Experimental Evidence from India / Complexity Theory and Forest Resource Economics / Modeling Forest Sector Structural Evolution with the Experience-Weighted-Attraction-Learning (EWA-Lite) Algorithm / Forest Management and Landowners' Discount Rates in the Southern United States / Impatience, inconsistency, and institutions to counter their effects on sustainable forest management / Public choice, rent-seeking and the forest economics-policy nexus / The political economy in forest policy-making: economic efficiency and beyond / Economics of forest ecosystem restoration: a systems approach / Economics of multiple forest values and life cycle analysis / Economic modeling in forestry: avoiding the Lucas critique / Multiple forest stocks and harvesting decision: the enhance green golden rule / Land expectation value to profit maximization: re-examination of the Faustmann formula / |