LEADER 03450oam 2200649I 450 001 9910790449703321 005 20230801221552.0 010 $a1-136-66576-5 010 $a1-283-46040-8 010 $a9786613460400 010 $a1-136-66577-3 010 $a0-203-80802-9 024 7 $a10.4324/9780203808023 035 $a(CKB)2670000000148664 035 $a(EBL)738711 035 $a(OCoLC)797918870 035 $a(SSID)ssj0000645834 035 $a(PQKBManifestationID)11388914 035 $a(PQKBTitleCode)TC0000645834 035 $a(PQKBWorkID)10682035 035 $a(PQKB)11377918 035 $a(MiAaPQ)EBC738711 035 $a(Au-PeEL)EBL738711 035 $a(CaPaEBR)ebr10533804 035 $a(CaONFJC)MIL346040 035 $a(OCoLC)785782518 035 $a(EXLCZ)992670000000148664 100 $a20180706d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aForestry economics $ea managerial approach /$fJohn E. Wagner 210 1$aAbingdon, Oxon :$cRoutledge,$d2012. 215 $a1 online resource (409 p.) 225 0 $aRoutledge textbooks in environmental and agricultural economics ;$v3 300 $aDescription based upon print version of record. 311 $a0-415-77476-4 311 $a0-415-77440-3 320 $aIncludes bibliographical references and index. 327 $aForestry 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 327 $aAppendix 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 330 $aForestry 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 606 $aForests and forestry$xEconomic aspects 606 $aForest management 615 0$aForests and forestry$xEconomic aspects. 615 0$aForest management. 676 $a634.9/2 700 $aWagner$b John E.$090748 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910790449703321 996 $aForestry economics$93762142 997 $aUNINA