Forestry and the New Institutional Economics: An Application of Contract Theory to Forest Silvicultural Investment (Ashgate Studies in Environmental Policy and Practice)

Forests are one of the most important natural resources on the planet, covering one-third of the world's land area. Yet, this is less than the area capable of growing trees, which is 40 per cent. This text explores silvicultural investment, focusing on British Columbia as the largest export region and one whose economy is likely more dependent on forestry than any other. Although focusing on this area, the lessons the book provides are intended to have applications well beyond the Province and the world's forestry sector.