This title was first published in 2001. Using a case study from British Columbia, this book addresses the economies of institutions, institutional change and transactions costs and develops the theory of the New Institutional Economics in the context of forestry institutions. This approach to economic analysis of forestry investment problems will emphasize the understanding of the linkages between the biological as well as institutional attributes of forestry activities.

This title was first published in 2001. Using a case study from British Columbia, this book addresses the economies of institutions, institutional change and transactions costs and develops the theory of the New Institutional Economics in the context of forestry institutions. This approach to economic analysis of forestry investment problems will emphasize the understanding of the linkages between the biological as well as institutional attributes of forestry activities.

Because of the long-standing Canada-U.S. lumber trade dispute and the current pressure on the world's forests as a renewable energy source, much attention has been directed toward the modelling of international trade in wood products. Two types of trade models are described in this book: one is rooted in economic theory and mathematical programming, and the other consists of two econometric/statistical models--a gravity model rooted in theory and an approach known as GVAR that relies on time series analyses. The purpose of the book is to provide the background theory behind models and facilitate readers in easily constructing their own models to analyse policy questions that they wish to address, whether in forestry or some other sector. Examples in the book are meant to illustrate how models can be used to say something about a variety of issues, including identification of the gains and losses to various players in the North American softwood lumber business, and the potential for redirecting sales of lumber to countries outside the United States. The discussion is expanded to include other products besides lumber, and used to examine, for example, the effects of log export restrictions by one nation on all other forestry jurisdictions, the impacts of climate policies as they relate to the global forest sector, and the impact of oil prices on forest product markets throughout the world. This book will appeal to practising economists and researchers who wish to examine various policies that affect international trade, whether their interest is local or international in scope. Because the book provides the theoretical bases underlying various models, students and practitioners will find this a valuable reference book or supplementary textbook.

This volume enables readers to understand the complexity associated with climate change policy and the science behind it. For example, the author describes the criticism and defense of the widely known "hockey stick" temperature graph derived from combining instrumental data and proxy temperature indications using tree ring, ice core and other paleoclimatic data. Readers will also learn that global warming cannot easily be avoided by reducing CO2 and other greenhouse gas emissions in rich countries. Not only is emissions reduction extremely difficult in rich countries, but demands such as the UN mandate to improve the lives of the poorest global citizens cannot be satisfied without significantly increasing global energy use, and CO2 emissions. Therefore, the author asserts that climate engineering and adaptation are preferable to mitigation, particularly since the science is less than adequate for making firm statements about the Earth's future climate. Readers will also learn that global warming cannot easily be avoided by reducing CO2 and other greenhouse gas emissions in rich countries. Not only is emissions reduction extremely difficult in rich countries, but demands such as the UN mandate to improve the lives of the poorest global citizens cannot be satisfied without significantly increasing global energy use, and CO2 emissions. Therefore, the author asserts that climate engineering and adaptation are preferable to mitigation, particularly since the science is less than adequate for making firm statements about the Earth's future climate.

This volume enables readers to understand the complexity associated with climate change policy and the science behind it. For example, the author describes the criticism and defense of the widely known hockey stick temperature graph derived from combining instrumental data and proxy temperature indications using tree ring, ice core and other paleoclimatic data.

Readers will also learn that global warming cannot easily be avoided by reducing CO2 and other greenhouse gas emissions in rich countries. Not only is emissions reduction extremely difficult in rich countries, but demands such as the UN mandate to improve the lives of the poorest global citizens cannot be satisfied without significantly increasing global energy use, and CO2 emissions. Therefore, the author asserts that climate engineering and adaptation are preferable to mitigation, particularly since the science is less than adequate for making firm statements about the Earth s future climate.Readers will also learn that global warming cannot easily be avoided by reducing CO2 and other greenhouse gas emissions in rich countries. Not only is emissions reduction extremely difficult in rich countries, but demands such as the UN mandate to improve the lives of the poorest global citizens cannot be satisfied without significantly increasing global energy use, and CO2 emissions. Therefore, the author asserts that climate engineering and adaptation are preferable to mitigation, particularly since the science is less than adequate for making firm statements about the Earth s future climate."

Forest policy involves a complex balance of governmental, social and industrial objectives in an environment where the forests and the institutions are also constantly changing. Across the various forestry jurisdictions there is a wide variety of policy models that have evolved in response to specific societal demands, institutional structures and forest environments. This book is an examination of forest policy in a selection of major forestry jurisdictions, primarily the major competitors in world softwood markets. These include the United States, British Columbia, Alberta, New Zealand, Sweden, Finland, Chile and Russia. These regions represent systems operating with natural forests, plantation forests, initial forest endowments, second/third generation forests, public forestland ownership, private forestland ownership, open markets, highly structured markets, and various responses to sustainability. For each jurisdiction a brief overview to the economy, the contribution of forestry, the resource base, the composition of the forest industry and the major stakeholders is provided. The policy discussions include forest management, timber pricing and export policy, environmental standards, land ownership and use, and the institutional setting relating to government agencies, taxation, labor and capital. Comment is provided on the evolution of the existing policy structure and the chapters finish with an evaluation and prognosis for the jurisdiction. This book is a valuable reference source for forest policy practitioners, students of forestry and political economy and industrial decision-makers seeking to position their business in global forestry.

Costing billions of dollars annually, international trade in agricultural products is impactful and influenced by several factors, including climate change, food policy, and government legislation. The third edition of Agricultural Policy, Agribusiness, and Rent-Seeking Behaviour provides comprehensive economic analyses of the policies that affect agriculture and agribusiness in Canada and the United States. Looking at current agricultural policies, the third edition includes new chapters on food pyramids, climate change, and GMOs, while also highlighting the effect of international policies on Canadian trade, including the problematic US ethanol policy. The new edition addresses current issues, including how the COVID-19 pandemic has negatively affected agricultural value chains and played a hand in the ongoing growth in opioid use. Including a number of key findings, and discussing current debates on topics including foreign ownership of Canadian farmland, Agricultural Policy, Agribusiness, and Rent-Seeking Behaviour will appeal to students in agricultural economics and policy, as well as policymakers, agricultural firms, energy companies, and readers wishing to reduce their nation’s carbon footprint.

This textbook integrates three related fields in economics, namely agricultural/forestry economics, environmental economics, and international trade, by foregrounding cost-benefit analysis as a significant policy tool. Exploring how welfare measures can be used in the analysis of agricultural, trade, and other economic policies, Applied Welfare Economics, Trade, and Agricultural Policy Analysis fills a gap in the literature on agricultural policy analysis by explaining the economic efficiency improvements and income transfers of various agricultural policy reforms in the United States, Canada, and the European Union. G. Cornelis van Kooten addresses methods of identifying and measuring economic surpluses (costs and benefits), the precautionary principle, identification of an appropriate discount rate, the importance of non-market values, and the role of agriculture in trade negotiations and climate change. Applied Welfare Economics, Trade, and Agricultural Policy Analysis draws on new research, brings attention to the existing literature, and includes review questions that challenge programming skills. The techniques developed in this text can be applied to the development and reform of agricultural policies in various regions in response to trade negotiations and many other situations involving government policy.