Forests in a Market Economy

1. Front Matter

   Pages i-xiv

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2. Introduction

   1. Introduction

      • Erin O. Sills, Karen Lee Abt

      Pages 1-7

3. Global Forests

   1. Global Forests

      • Jacek P. Siry, Frederick W. Cubbage

      Pages 9-21

4. Private Forests

   1. Private Forests

      • Frederick W. Cubbage, Anthony G. Snider, Karen Lee Abt, Robert J. Moulton

      Pages 23-38

5. Timber Production and Markets

   1. Front Matter

      Pages 39-40

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   2. Optimal Stand Management

      • Karen Lee Abt, Jeffrey P. Prestemon

      Pages 41-57

   3. Forest Production

      • Jacek P. Siry, Frederick W. Cubbage, Erin O. Sills

      Pages 59-76

   4. Financial Analysis of Timber Investments

      • F. Christian Zinkhan, Frederick W. Cubbage

      Pages 77-95

   5. Timber Production Efficiency Analysis

      • Douglas R. Carter, Jacek P. Siry

      Pages 97-115

   6. Aggregate Timber Supply

      • David N. Wear, Subhrendu K. Pattanayak

      Pages 117-132

   7. Timber Demand

      • Robert C. Abt, SoEun Ahn

      Pages 133-152

   8. Structure And Efficiency Of Timber Markets

      • Brian C. Murray, Jeffrey P. Prestemon

      Pages 153-176

   9. International Trade In Forest Products

      • Jeffrey P. Prestemon, Joseph Buongiorno, David N. Wear, Jacek P. Siry

      Pages 177-199

6. Multiple Products from Forests

   1. Front Matter

      Pages 201-201

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   2. Public Timber Supply under Multiple-Use Management

      • David N. Wear

      Pages 203-220

   3. Economics of Forest Carbon Sequestration

      • Brian C. Murray

      Pages 221-241

   4. Timber and Amenities on Nonindustrial Private Forest Land

      • Subhrendu K. Pattanayak, Karen Lee Abt, Thomas P. Holmes

      Pages 243-258

   5. Nontimber Forest Products in the Rural Household Economy

      • Erin O. Sills, Sharachchandra Lele, Thomas P. Holmes, Subhrendu K. Pattanayak

      Pages 259-281

   6. Agroforestry Adoption By Smallholders

      • D. Evan Mercer, Subhrendu K. Pattanayak

      Pages 283-299

7. Non-Market Valuation

   1. Front Matter

      Pages 301-301

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This book draws together contributions from forest economists in the Research Triangle of North Carolina, with co-authors from institutions around the world. It represents our common belief that rigorous empirical analysis in an economic framework can inform forest policy. We intend the book as a guide to the empirical methods that we have found most useful for addressing both traditional and modem areas of concern in forest policy, including timber production and markets, multiple use forestry, and valuation of non-market benefits. 'The book editors and most chapter authors are affiliated with three institutions in the Research Triangle: the Southern Research Station of the USDA Forest Service (K. Abt, Butry, Holmes, Mercer, Moulton, Prestemon, Wear), the Department of Forestry at North Carolina State University (R. Abt, Ahn, Cubbage, Sills), and the Environmental and Natural Resource Economics Program of Research Triangle Institute (Murray, Pattanayak). Two other Triangle institutions are also represented among the book authors: Duke University (Kramer) and the Forestland Group (Zinkhan). In addition to our primary affiliations, many of us are adjunct faculty and/or graduates of Triangle universities. Many of our co-authors also graduated from or were previously affiliated with Triangle institutions. Thus, the selection of topics, methods, and case studies reflects the work of this particular network of economists, and to some degree, our location in the southeastern United States. However, our work and the chapters encompass other regions of the United States and the world, including Latin America and Asia.

• Forestry
• ecosystem
• forest
• forest policy
• production

• Department of Forestry, North Carolina State University, Raleigh, USA

  Erin O. Sills

• Southern Research Station, USDA Forest Service, Research Triangle Park, USA

  Karen Lee Abt

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