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Forest economics, natural disturbances and the new ecology

Author(s):

Thomas P. Holmes

Year:

2008

Publication type:

Scientific Journal (JRNL)

Primary Station(s):

Southern Research Station

Source:

The Economics of Forest Disturbances: Wildfire, Storms, and Invasive Species, 15-32

Description

The major thesis of this chapter is that the economic analysis of forest disturbances will be enhanced by linking economic and ecologic models. Although we only review a limited number of concepts drawn generally from mathematical and empirical ecology, the overarching theme we present is that ecological models of forest disturbance processes are complex and not particularly well-behaved from an economic perspective. We discover that standard concepts in the economists' tool kit, such as asymptotic equilibrium and convex production, may not adequately represent the dynamic behavior of forest disturbances. Consequently, other tools for economic analysis will be required.

Citation

Holmes, Thomas P.; Huggett, Robert J.; Pye, John M. 2008. Forest economics, natural disturbances and the new ecology. In: Holmes, Thomas P., Prestemon, Jeffrey P., and Abt, Karen L. (eds.). The Economics of Forest Disturbances: Wildfire, Storms, and Invasive Species, Springer Netherlands. Pages 15-32.

Publication Notes

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https://www.fs.usda.gov/treesearch/pubs/32692