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Table of Contents
Intro
Preface and Acknowledgments
Contents
Introduction
Part I Forestry
Peter Berck's Contributions to Forestry Economics
References
Integrated Management of Bark Beetles: Economic Contributions of Peter Berck and Foundational EntomologicalResearch
1 Introduction
2 System Structure
3 Treatment Strategies and Tactics
3.1 Stand Treatments: Thinning
3.2 Pest Population Treatments
3.2.1 Insecticides
3.2.2 Semiochemicals
4 Synthesis and Future Research
References
Assessing the Potential of Eucalyptus Plantation to Supply Timber for Greener Development in China
1 Introduction
2 Industrial Policies and Forest Production in China
3 Assessment of Eucalyptus Plantation in Southern China
3.1 Historical Trend of Eucalyptus Plantation Forests (Guangxi)
3.1.1 Area, Volume, and Timber Production
3.2 Comparison of Timber Yield Curves: Eucalyptus, Chinese Fir, and Masson Pine
3.3 Comparison of Carbon Sequestration Potential Among Main Species
3.4 Expected Land Value
3.5 The Private Sector in Eucalyptus Development
4 Conclusion
References
Hedging with a Housing Start Futures Contract
1 Background
2 Introduction
3 Theory
3.1 Optimal Hedging
3.2 Materials Supplier
3.3 The Builder
4 General Equilibrium
5 Pricing of the Futures Contract
5.1 Predicting Starts
6 Constructing the Contract
7 Value of Contract
8 Hedging
9 The Relationship Between Building Materials Output and Construction Output
10 Earnings
11 Predicting Earnings
12 Aggregate Production Regressions
13 Basis and Basis Risk
14 Regional Basis Risk
15 Survey of Potential Users of Housing Start Futures as a Hedge
References
Part II Agriculture and Fisheries
The Future of Agriculture
1 Transition from Hunting to Farming
2 The Economics of Modern Agriculture
2.1 The Three Scenarios of the Future
3 Conclusion
References
How Is Farm Income Affected When Each Farm Has To Produce Its Own Animal Feed?
1 Introduction
2 Mixed Crop-Livestock Systems
3 Sources and Methods of Feeding Livestock
3.1 Natural Pastures
3.2 Crop Residue and Postharvest Grazing
3.3 "Cut and carry" Feeding
3.4 Crops Grown as Animal Feed
4 Relationship Between Animal Feed and Sustainable Agriculture
5 Potential to Grow Fodder Crops
6 Potential of Livestock and Forage to Increase Income
7 Conclusion
References
Estimating Agricultural Acreage Responses to Input Prices: Groundwater in California
1 Introduction
2 Data
2.1 Cropland Data Layer
2.2 Common Land Unit
2.3 Groundwater Depth
2.4 Final Dataset and Summary Statistics
3 Empirical Strategy
4 Results
5 Conclusion
References
Precautionary Heuristic Management and Learning for Data-Poor Fisheries
Preface and Acknowledgments
Contents
Introduction
Part I Forestry
Peter Berck's Contributions to Forestry Economics
References
Integrated Management of Bark Beetles: Economic Contributions of Peter Berck and Foundational EntomologicalResearch
1 Introduction
2 System Structure
3 Treatment Strategies and Tactics
3.1 Stand Treatments: Thinning
3.2 Pest Population Treatments
3.2.1 Insecticides
3.2.2 Semiochemicals
4 Synthesis and Future Research
References
Assessing the Potential of Eucalyptus Plantation to Supply Timber for Greener Development in China
1 Introduction
2 Industrial Policies and Forest Production in China
3 Assessment of Eucalyptus Plantation in Southern China
3.1 Historical Trend of Eucalyptus Plantation Forests (Guangxi)
3.1.1 Area, Volume, and Timber Production
3.2 Comparison of Timber Yield Curves: Eucalyptus, Chinese Fir, and Masson Pine
3.3 Comparison of Carbon Sequestration Potential Among Main Species
3.4 Expected Land Value
3.5 The Private Sector in Eucalyptus Development
4 Conclusion
References
Hedging with a Housing Start Futures Contract
1 Background
2 Introduction
3 Theory
3.1 Optimal Hedging
3.2 Materials Supplier
3.3 The Builder
4 General Equilibrium
5 Pricing of the Futures Contract
5.1 Predicting Starts
6 Constructing the Contract
7 Value of Contract
8 Hedging
9 The Relationship Between Building Materials Output and Construction Output
10 Earnings
11 Predicting Earnings
12 Aggregate Production Regressions
13 Basis and Basis Risk
14 Regional Basis Risk
15 Survey of Potential Users of Housing Start Futures as a Hedge
References
Part II Agriculture and Fisheries
The Future of Agriculture
1 Transition from Hunting to Farming
2 The Economics of Modern Agriculture
2.1 The Three Scenarios of the Future
3 Conclusion
References
How Is Farm Income Affected When Each Farm Has To Produce Its Own Animal Feed?
1 Introduction
2 Mixed Crop-Livestock Systems
3 Sources and Methods of Feeding Livestock
3.1 Natural Pastures
3.2 Crop Residue and Postharvest Grazing
3.3 "Cut and carry" Feeding
3.4 Crops Grown as Animal Feed
4 Relationship Between Animal Feed and Sustainable Agriculture
5 Potential to Grow Fodder Crops
6 Potential of Livestock and Forage to Increase Income
7 Conclusion
References
Estimating Agricultural Acreage Responses to Input Prices: Groundwater in California
1 Introduction
2 Data
2.1 Cropland Data Layer
2.2 Common Land Unit
2.3 Groundwater Depth
2.4 Final Dataset and Summary Statistics
3 Empirical Strategy
4 Results
5 Conclusion
References
Precautionary Heuristic Management and Learning for Data-Poor Fisheries