Joint Forest Management (JFM) has been analysed using an evolutionary-game-theoretic approach. The interactions between the different groups of a community, for forest use under state regime and JFM regime, are modelled as n-person asymmetric games, and the concepts of evolutionary stable...

Joint forest management (JFM) has emerged as the most promising institutional arrangement for sustainable forest management, and village-level organizations (production units) are responsible for all the productive activities of JFM. Employing a parametric linear programming approach, a...

This special issue of Forest Policy and Economics is based on the papers presented and discussions held at the International Conference on the New Frontiers of Forest Economics, June 26-30, 2012 held at ETH, Zurich, Switzerland. This paper discusses the need of new frontiers of forest economics,...

Changing societal values due to accelerating urbanization will likely shape the next frontier of forest economics in several important ways. First, as a growing number of urban dwellers become wealthier, their desire for greater forest recreational opportunities will increase, resulting in higher...

New institutional economists have argued that there are many categories of institutions, including market and non-market institutions, which may prove economically efficient, specifically for public goods and common pool goods. The Government of India introduced a non-market community-based...

In the economic analysis of CBFM, people's discount rates are assumed exogenous and same for all goods. We examined the validity of this assumption by eliciting the discount rates of households for grass, timber, fuelwood and money, and analyzed the impacts of various personal and economic factors...

Payments for ecosystem services (PES) have attracted broad international attention as a novel approach of using economic incentives to address the loss of valuable ecosystem services. However, there has been inadequate work investigating the basic question of how to design and execute a PES...

Prevailing societal values have enthroned sustainable forest management (SFM) as a new paradigm governing forest practices. Calling for respecting a range of dynamic conditions instead of a single, static target, SFM differs from conventional forest management on account of its acceptance of...

China's new wave of collective forest tenure reform since 2003 (post-2003 reform) has been the research hotspot for years. However, the research is insufficient on how communities restructured forest tenure throughout this top-down devolution reform and the evolution and dynamics of community-level ...

Understanding farmers' preferences for efficiency and equity regarding different land use rights is necessary for the success of land reforms because economic efficiency with equity is the key distinguishing feature of China's land reforms. This paper presents a comparative analysis of farmers'...