Forestry and the New Institutional Economics: An Application of Contract Theory to Forest Silvicultural Investment

This title was first published in 2001. Using a case study from British Columbia, this book addresses the economies of institutions, institutional change and transactions costs and develops the theory of the New Institutional Economics in the context of forestry institutions. This approach to economic analysis of forestry investment problems will emphasize the understanding of the linkages between the biological as well as institutional attributes of forestry activities.