Approximately 3000 million ha of the world’s forests have been classified as productive, and are subject to some kind of management. Considering their environmental and social importance, the managed forest ecosystems are not receiving as much scientific attention as the few remaining unmanaged ones. This is especially true in the growing urban landscapes where managed forest ecosystem provide ...

1Interestingly, however influential Knight and Mises otherwise have been in shaping their respective schools, neither Knight nor Mises have been entirely successful in convincing their followers of this part of their doctrines. Similarly, while they were skeptical about the use of probability, Knight and Mises were also proponents of “a priori” economic theory, and in this regard, too, neither ...

Neoclassical theory postulates that preferences between two goods are independent of the consumer’s current entitlements. Several experimental studies have recently provided strong evidence that this basic independence assumption, which is used in most theoretical and applied economic models to assess the operation of markets, is rarely appropriate. These results, which clearly contradict close...