1.

Record Nr.

UNINA9910790449703321

Autore

Wagner John E.

Titolo

Forestry economics : a managerial approach / / John E. Wagner

Pubbl/distr/stampa

Abingdon, Oxon : , : Routledge, , 2012

ISBN

1-136-66576-5

1-283-46040-8

9786613460400

1-136-66577-3

0-203-80802-9

Descrizione fisica

1 online resource (409 p.)

Collana

Routledge textbooks in environmental and agricultural economics ; ; 3

Disciplina

634.9/2

Soggetti

Forests and forestry - Economic aspects

Forest management

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Forestry Economics A managerial approach; Copyright; Contents; List of figures; List of tables; Preface; Acknowledgments; Abbreviations; 1 Introduction; 2 Production systems; 3 Costs; 4 Revenue; 5 Profit; 6 Supply and demand; 7 Market equilibrium and structure; 8 Capital theory: investment analysis; 9 The forest rotation problem; 10 Capital theory: risk; 11 Forest taxes; 12 Estimating nonmarket values; Appendix 1: mathematical appendix; Appendix 2: technical efficiency versus production cost efficiency; Appendix 3: average and marginal cost; Appendix 4: profit and least cost models

Appendix 5: calculus of profit maximizationAppendix 6: price searching; Appendix 7: financial formulae; Appendix 8: sustainability and the interest rate; Appendix 9: misinterpreting the internal rate of return in forest management planning and economic analysis; Appendix 10: calculus of the even-aged forest rotation problem; Appendix 11: the Faustmann-Smith-Samuelson model; Notes; Bibliography; Index

Sommario/riassunto

Forestry Economics introduces students and practitioners to all aspects of the management and economics of forestry. The book adopts the approach of managerial economics textbooks and applies this to the



unique processes and problems faced by managers of forests. While most forestry economics books are written by economists for future economists, what many future forest and natural resource managers need is to understand what economic information is and how to use it to make better business and management decisions. John E. Wagner draws on his twenty years of experience teaching an