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- W2396702325 abstract "This chapter presents the concepts of economics and explains how it applies to natural resource management decisions so that students with limited backgrounds in economics may still understand the issues faced by decision makers. It discusses many of the tools used by economists to measure and determine how choices are made at both the micro- (individual) and the macro- (aggregate) level. Financial concepts are the basis for many of the tools that economists use to measure market- and nonmarket-based values at the individual level. These tools include benefit-cost, discounted cash flow, and willingness-to-pay analysis. To give a flavor of how the tools of economics can be used to analyze agroforestry, the chapter describes and provides examples of using two of the approaches, enterprise/farm budget models and nonmarket valuation models. These are followed by an overview of policies and incentives to encourage landowners to adopt agroforestry systems." @default.
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- W2396702325 date "2015-11-02" @default.
- W2396702325 modified "2023-09-27" @default.
- W2396702325 title "Agroforestry Economics and Policy" @default.
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- W2396702325 doi "https://doi.org/10.2134/2009.northamericanagroforestry.2ed.c12" @default.
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