A firm grounding in economics is integral to sound forest management, investment, policies, and practices. Forest Economics covers the basic economic concepts, principles, and constructs and shows how these are applied in private and public forestry decision making.This comprehensive edition contains up-to-date data, examples, and applications of economic principles, along with literature and study questions, and additional valuable content in several key areas:

Each year, thirteen million anglers enjoy the sport of saltwater angling in the United States, generating an estimated $30 billion in sales and supporting nearly 350,000 jobs. Recreational saltwater fishing, however, can significantly impact species of concern-species overfished or experiencing overfishing. Traditional angling controls-bag and size limits and restricted seasons-have fallen short in controlling fishing impacts and reducing conflicts among fishing and non-fishing interests.