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Global interest in forest conservation, biodiversity preservation,
and non-timber values has risen while pressures on the forest as a
source of income and employment have also increased. These demands
are often conflicting, making forest planning, allocation, and
policy formation very complex. This volume explores theoretical and
applied issues surrounding forest resource allocation. The book is
divided into three sections: (1) Tropical Forests: Environment,
Economics and Trade, (2) Non-Timber Valuation: Theory and
Application, and (3) Ecosystem Management. The first section
focuses on tropical forests, reflecting the fact that global
environmental concerns surrounding these regions are often in
conflict with local economic objectives. The chapters in this
section examine mechanisms for capturing or optimizing total
(timber and non-timber) economic value from tropical forests and
the implications of forest policy on global trade in forest
products and production from tropical forest regions. The second
section examines non-timber values. These values, particularly
existence or passive use values, are important in planning and
policy decisions. However, these non-timber valuation techniques
are also very controversial. This section examines theoretical
advances in non-timber valuation and presents case studies
employing state of the art techniques. The third section considers
ecosystem management, a concept that promotes the use of forest
harvesting practices that mimic natural disturbance patterns. The
impact of ecosystem management on timber and non-timber values is
largely unknown. The chapters in this section explore these issues
from theoretical and applied perspectives. Overall, the book will
be of interest to readers in forestry and environmental economics.
Understanding and predicting the behavior of decision makers when choosing among discrete goods has been one of the most fruitful areas of applied research over the past thirty years. An understanding of individual consumer behavior can lead to significant changes in product or service design, pricing strategy, distribution channel and communication strategy selection, as well as public welfare analysis. This book is a reference work dealing with the study and prediction of consumer choice behavior, concentrating on stated preference (SP) methods. It shows how SP methods can be implemented, from experimental design to econometric modeling. The book also presents an update of econometric approaches to choice modeling.
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