Post-Faustmann Forest Resource Economics
One of the first on the topic, this book offers 21st century alternatives to the 163 year-old paradigm at the heart of forest resource economics, the Faustmann Formulation of land expectation value. Since that time, many new streams of economics – includi
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Series Editors Editor-in-Chief Shashi Kant Editorial Board Geir B. Asheim, Oslo, Norway Albert R. Berry, Toronto, Canada Graciela Chichilnisky, New York, USA David Colander, Middlebury, USA M. Ali Khan, Baltimore, USA Tapan Mitra, Ithaca, USA
For further volumes: http://www.springer.com/series/7085
About the Series An adequate economic theory of sustainability cannot be based on the neoclassical paradigm that is at the root of most sustainability issues. A new economic theory, rather than a new public policy based on the old theory, will be needed to guide humanity toward sustainability. The challenge to economists, with the help of other social scientists, is to build a new dominant economic paradigm based on a more organic, holistic, and integrative approach. The book series Sustainability, Economics, and Natural Resources aims to integrate the concept of sustainability fully into economics and to provide a foundation for that new economic paradigm. The series is designed to reflect the multi- and interdisciplinary nature of the needed paradigm and will cover and integrate concepts from different streams such as agent-based modeling, behavioral economics, chaos theory, complexity theory, ecological economics, evolutionary economics, evolutionary game theory, institutional economics, post-Keynesian consumer theory, social choice theory, S-matrix theory, and quantum theory. The series will be a forum for new ideas and concepts concerning recent developments and unsolved problems in sustainability and the applications of these ideas to the policy scenario. Each volume in the series is selfcontained. Together these volumes provide dramatic evidence of the range of approaches to sustainability issues found in economic thinking. Dr. Shashi Kant, editor-in-chief of the series, has received the Queen’s Award for Forestry (2008), the Scientific Achievement Award of Canadian Institute of Forestry (2007), the Scientific Achievement Award of the IUFRO (2005), and the Ontario’s Premier Research Excellence Award (2004) for his research contributions.
Shashi Kant Editor
Post-Faustmann Forest Resource Economics
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Editor Shashi Kant Faculty of Forestry University of Toronto Toronto, ON Canada
ISBN 978-94-007-5777-6 DOI 10.1007/978-94-007-5778-3
ISBN 978-94-007-5778-3
(eBook)
Springer Dordrecht Heidelberg New York London Library of Congress Control Number: 2012954369 Ó Springer Science?Business Media Dordrecht 2013 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the pu
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