03450oam 2200649I 450 991079044970332120230801221552.01-136-66576-51-283-46040-897866134604001-136-66577-30-203-80802-910.4324/9780203808023 (CKB)2670000000148664(EBL)738711(OCoLC)797918870(SSID)ssj0000645834(PQKBManifestationID)11388914(PQKBTitleCode)TC0000645834(PQKBWorkID)10682035(PQKB)11377918(MiAaPQ)EBC738711(Au-PeEL)EBL738711(CaPaEBR)ebr10533804(CaONFJC)MIL346040(OCoLC)785782518(EXLCZ)99267000000014866420180706d2012 uy 0engur|n|---|||||txtccrForestry economics a managerial approach /John E. WagnerAbingdon, Oxon :Routledge,2012.1 online resource (409 p.)Routledge textbooks in environmental and agricultural economics ;3Description based upon print version of record.0-415-77476-4 0-415-77440-3 Includes bibliographical references and index.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 modelsAppendix 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; IndexForestry 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 anForests and forestryEconomic aspectsForest managementForests and forestryEconomic aspects.Forest management.634.9/2Wagner John E.90748MiAaPQMiAaPQMiAaPQBOOK9910790449703321Forestry economics3762142UNINA