Forestry and the New Institutional Economics

An Application of Contract Theory to Forest Silvicultural Investment (Ashgate Studies in Environmental Policy and Practice)

by Sen Wang

• 82 Want to read
• 21 Currently reading

Published March 2001 by Ashgate Publishing .
Written in English

Subjects:

• Forestry & related industries,
• Sustainability,
• Political Science,
• Gardening / Horticulture,
• Politics/International Relations,
• Canada,
• General,
• Public Policy - Economic Policy

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The Physical Object
Format	Hardcover
Number of Pages	230
ID Numbers
Open Library	OL10827047M
ISBN 10	0754612260
ISBN 10	9780754612261

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Aims and Scope In print since , the Journal has received several national awards for excellence. Click here to get online mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and. It is increasingly recognized that the economic value of forests is not merely the production of timber. Forests provide other key ecosystem services, such as being sinks for greenhouse gases, hotspots of biodiversity, tourism and recreation. They are also vitally important in preventing soil erosion and controlling water supplies, as well as providing non-timber forest products and supporting.

  The Economics of the Environment and Natural Resources covers the essential topics students need to understand environmental and resource problems and their possible solutions. Its unique lecture format provides an in-depth exploration of discrete topics, ideal for upper-level undergraduate, graduate or doctoral study. The New Institutional Economics: Concepts and Applications. Lee J. Alston, University of Colorado and NBER. Bernardo Mueller, University of Brasilia. Tomas Nonnenmacher, Allegheny College. Under Contract: Cambridge University Press- Please do not quote or cite with permission of the authors. Economics of Forest Resources is a comprehensive and well-written text covering the classic literature on the economics of forestry and the more recent literature that applies real option theory to the optimal rotation problem. The text also examines the economic incentives and public investment decisions that might contribute to tropical deforestation.

Economics’ (to which Eggertsson reserves the acronym NIE, contrary to what became the common usage). This he distinguishes from what he more restrictively defines as new institutional economics, namely an approach that rejects ‘elements of the hard core of neoclassical economics’. New Institutional Economics incorporates a theory of institutions - laws, rules, customs, and norms - into economics. It builds on, modifies, and extends neoclassical theory. It retains and builds on the fundamental assumption of scarcity and hence competition - the basis of the choice theoretic approach that underlies microeconomics. Marxian Economics, Historic development of Institutional Economics, Old and New Institutional Economics, Core issues in New Institutional Economics Reference articles and papers: Any prescribed textbook in Micro Economics (possibly Managerial Economics by Mankew) Klein, G., Peter. New Institutional Economics.