An introduction to the economics of forest disturbance
Increasing severity of recent wildfires, storms, pest outbreaks, and biological invasions has intensified concern among governmental agencies, private enterprises, and the general public regarding the future of forest resources. Economic analysis can help decision-makers understand the causes and consequences of forest disturbances, as well as evaluate trade offs, and set priorities. It is the premise of this book that similarities existing among forest disturbances permit the development of a unified framework for economic analysis. This book sketches out how this framework could be constructed, provides an overview and summary of current research in the economics of forest disturbances, and illustrates how economic theory and empirical methods can be applied to address specific disturbances.