Forestry and the New Institutional Economics

Wang, Sen; Kooten, G. Cornelis van

• Contents: Introduction; Property rights, institutions and market failure; Market failure and forestry; Contracts, information and transaction costs; Organizations, regulation and policy instruments; The silvicultural contracting sector; Contracting out or in-house delivery?; How to hire and pay silvicultural workers?; Silvicultural investment and institutional restructuring; References; Index.

’The analysis of this book is careful and thorough in its investigation...illustrative and inviting. It is inviting because it tempts any thoughtful reader to inquire about the other critical forestry institutions that are more important outside of British Columbia. Dr. Wang and Professor van Kooten have provided the leadership with their analyses in this book. They, and the rest of us, have a responsibility to continue the good work.’ William F. Hyde, Goteborg University, Sweden