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Forests in a Market Economy

机译:市场经济中的森林

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This book is designed as a handbook of applied, empirical forest economics for practitioners, policy analysts, and graduate students. The reader of this book is assumed to be familiar with basic market concepts, including marginal analysis of production and consumption decisions under profit and utility maximization. The chapters are designed for readers with a background in quantitative microeconomics (Varian 1999), introductory calculus (partial derivatives), and statistics including multivariate ordinary least squares regression (OLS) and common maximum likelihood estimation techniques such as probit and logit. All of the chapters provide references for the reader wishing to understand the methods in greater depth. Econometric textbooks such as Greene (2002) and Gujarati (1998) are recommended as general references. A more intuitive presentation of many of the methods can be found in Kennedy (1998). The chapters encompass traditional and modern areas of concern in forest policy, explaining and illustrating how to apply a range of empirical analytical methods. The two chapters following this introduction summarize the status of the worlds forests and the state of research on private forest management. The rest of the book is divided into three sections. The first focuses on timber production, primarily from private US forest lands, and markets. The second addresses multiple use management and considers a diversity of forest owners and outputs. The third section focuses on the valuation of non-market benefits from forests, including stated and revealed preference methods. In each chapter, the goal is to demonstrate rigorous, policy-relevant, empirical analysis in a manner accessible to readers with a background in intermediate microeconomic theory and statistics.

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