Abstract
Ramon Lopez of University of Maryland at College Park reviews “Economics of Forest Resources” by Gregory S. Amacher, Markku Ollikainen, Erkki Koskela,. The EconLit Abstract of the reviewed work begins “Provides a technical survey of forest resource economics, concentrating on developments within the past twenty-five years. Discusses the history of forest economics thought; the Faustmann rotation model; Hartman models of timber and amenity production; two-period life-cycle models; design of forest policy instruments; deforestation--models and policy instruments; conservation of biodiversity in boreal and temperate forests; forest age class models; uncertainty in life-cycle models; risk of catastrophic events; stochastic rotation models; and dynamic models of forest resources. Amacher is Julian N. Cheatham Professor of Forest and Natural Resource Economics at Virginia Polytechnic and State University. Ollikainen is Professor of Environmental and Resource Economics at the University of Helsinki. Koskela is Professor of Public Economics at the University of Helsinki and Academy Professor of Economics at the Academy of Finland. Name and subject indexes.”
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