Post-Faustmann forest resource economics /
The current paradigm of forest economics is based on Faustmann Formulation (FF) of land expectation value proposed by Martin Faustmann. It was a great achievement by a forester to propose a formulation that captures some fundamental economic features of capital theory which. However, the followers o...
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| Format: | eBook |
| Language: | English |
| Published: |
Dordrecht :
Springer,
[2013]
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| Series: | Sustainability, economics, and natural resources ;
v.4. |
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | The current paradigm of forest economics is based on Faustmann Formulation (FF) of land expectation value proposed by Martin Faustmann. It was a great achievement by a forester to propose a formulation that captures some fundamental economic features of capital theory which. However, the followers of the FF approach have trapped themselves into the past, and have not shown any indication of economic acumen of the great Faustmann. This has resulted in a common problem in the current paradigm of forest economics, known as Faustmann Forest Resource Economics (FFRE), to prescribe the application of a single (FF) approach to all situations irrespective of the specific features of the situation. |
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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (xvii, 293 pages) : illustrations (some color) |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9789400757783 (electronic bk.) 9400757786 (electronic bk.) |