Economics of forest resources / Gregory S. Amacher, Markku Ollikainen, Erkki Koskela.

Table of Content

1. A brief history of forest economics thought
1.1 Prehistory of economic analysis of the optimal rotation period
1.2 The birth of the optimal rotation frame work
1.3 The faustmann revival
1.4 Revival of age class models

2. The Faustmann rotation model
2.1 Forest growth technology
2.2 Computing the optimal rotation period
2.3 Forest taxation in the Faustman model
2.4 Modifications
2.5 Summary

3. Hartman models of timber and amenity production
3.1 Amenity services
3.2 Landowner preferences over Amenity services
3.3 Determination of the optimal rotation period
3.4 Effects of Forest taxation
etc

4. Two-period life-cycle models
4.1 Two period timber production model
4.2 Two period Amenity production model
4.3 Overlapping generations model
4.4 Modifications
4.5 Summary

5. Design of forest policy instruments
5.1 Optimal taxation - faustmann intertation
5.2 Optimal taxation - Hartman interpretation
5.3 Optimal taxation -- Life cycle interpretation
5.4 Optimal taxation -Overlapping generation interpretations
5.5 Modification
5.6 Summary

6. Deforestation: models and policy instruments
6.1 Basic forms of deforestation
6.2 Causes of deforestation
6.3 Forest concession
6.4 Competing land uses and deforestation
6.5 Summary

7. Conservation of biodiversity in boreal and temperate forests
7.1 Conservation networks
7.2 Auctions for biodiversity conservation
7.3 Green tree retention
7.4 Modifications
7.5 Summary

8. Forest age class models
8.1 Basic structure
8.2 A model with no competing land use
8.3 A model with competing land sue
8.4 Carbon polices
8.5 Uneven aged forest management
8.6 Summary

9. Uncertainty in life-cycle models
9.1 Uncertainties and risk preferences
9.2 Timber production under uncertainty
9.3 Amenity production under uncertainty
9.4 Modification
9.5 Summary

10. Risk of catastrophic events
10.1 Stochastic processes
10.2 Faustmann interpretation
10.3 Amenity service
10.4 Modifications
10.5 Summary

11. Stochastic rotation models
11.1 Preliminaries- Stochastic processes and lto's lemma
11.2 Continuous time stochastic optimal stopping
11.3 Harvesting threshold
11.4 Modification
11.5 Summary

12. Dynamic models of forest resources
12.1 Dynamic optimisation
12.2 Application of optima control theory
12.3 Applications of dynamic programming
12.4 Summary

References : p359-385 ._ Index : p 387-397

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