Optimal Thinning within the Faustmann Approach
Optimal Thinning within the Faustmann Approach

Author: Renke Coordes

Publisher: Springer

Published: 2014-08-13

Total Pages: 253

ISBN-13: 3658069597

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Forest stands are thinned all over the world. Yet, there was hitherto no consistent theory which allowed deriving unambiguous conditions for thinnings as the harvest of trees prior to the rotation age. Renke Coordes closes this gap by proposing a new, more general view on the Faustmann model as the basic investment model in forest resource economics. With the introduction of mutual interdependencies between the trees growing in a stand and the opportunity to harvest trees prior to the rotation age, optimal thinning regimes can be derived and analyzed. The implications of the proposed model are thoroughly discussed against the background of practical forest management decisions. The author closes with adaptations to the problems of the management of mixed, multiple-use and uneven-aged stands and entire forests. In this way, a unified perspective on the management of forests as natural resources is offered.

Post-Faustmann Forest Resource Economics
Post-Faustmann Forest Resource Economics

Author: Shashi Kant

Publisher: Springer Science & Business Media

Published: 2013-02-11

Total Pages: 299

ISBN-13: 9400757786

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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. The current state of forest economics is similar to that of neoclassical economics, and is full of inefficiencies. In neoclassical economics, inefficiencies are due to its “locked-in” position in rational economic man, while in forest economics inefficiencies are due to its “locked-in” position in the FF. The focus of this volume is on the new paradigm of forest economics termed as Post-Faustmann Forest Resource Economics (PFFRE). The first chapter lays the foundation of the PFFRE, and presents the key distinctions between the FFRE and the PFFRE. The volume includes twelve other chapters that address issues related to forest economics from perspectives different than the FFRE. Chapter 2 to 6 are focused on issues related to human behavior that is different than the rational economic man, Chapter 7 and 8 on public choice theory, Chapter 9 and 10 on systems approaches, and Chapter 11 to 13 on incremental approaches to incorporate new features in the FFRE.

The Economics of Optimal Growth Pathways
The Economics of Optimal Growth Pathways

Author: S. Niggol Seo

Publisher: Springer Nature

Published: 2023-02-25

Total Pages: 330

ISBN-13: 3031207548

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Every society aspires to be prosperous. It also endeavors to minimize the side effects of economic growth. This book entitled The Economics of Optimal Growth Pathways addresses numerous trade-offs faced by society to achieve prosperity and explores the best possible growth pathways. The theories explored in this book serve as a springboard to better understand key challenges and aspects of the economy, including food security, land use, forest and resource management, capital markets and interest rates, oil and gas extraction, fish and marine resources, saving and investment, and climate change. This book elucidates the concept of optimal economic growth pathways while addressing the challenges faced in natural resources and life on the planet. It will be relevant to students and researchers interested in resource and environmental economics.

The Management of Industrial Forest Plantations
The Management of Industrial Forest Plantations

Author: José G. Borges

Publisher: Springer

Published: 2014-09-01

Total Pages: 544

ISBN-13: 9401788995

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The Management of Industrial Forest Plantations. Theoretical Foundations and Applications provides a synthesis of current knowledge about industrial forestry management planning processes. It covers components of the forest supply chain ranging from modelling techniques to management planning approaches and information and communication technology support. It may provide effective support to education, research and outreach activities that focus on forest industrial plantations management. It may contribute further to support forest managers when developing industrial plantations management plans. The book includes the discussion of applications in 26 Management Planning in Actions boxes. These applications highlight the linkage between theory and practice and the contribution of models, methods and management planning approaches to the efficiency and the effectiveness of industrial plantations management planning.