The papers in this book were 'in a preliminary version' presented at an international con ference May 21-25, 2002 in Gilleleje, Denmark. It was a joint event, namely the biennial meeting of the Scandinavian Society of Forest Economics and the 3rd Berkeley-KVL Con ference. The Scandinavian Society of Forest Economics (SSFE) was established in 1958 as a forum for forest economists in the Nordic countries to meet and exchange ideas on research and education. Alternating between Denmark, Finland, Norway and Sweden, biennial ordinary meetings have taken place ever since. The number of participants has increased from 10-15 in the first decade to more than 80 in 2002. In the last two decades prominent researchers from outside Scandinavia have been invited to present papers at the biennial meetings and also to participate in ad hoc working groups. The Berkeley-KVL part of the conference is based on a research collaboration between The Royal Veterinary and Agricultural University (KVL), Copenhagen, University of Cali fornia at Berkeley, and Oregon State University. It was initiated in 1993 within the frame work of a research programme at KVL: 'Stochastic Decision Analysis in Forest Manage ment' and since 1996 extended to the programme 'Economic Optimisation of Multiple-Use Forestry and Other Natural Resources'.

Inhalt
I Resources.- The economics of transformation from even-aged to uneven-aged forestry.- Re-examining the theories supporting the so-called Faustmann formula.- The Volvo Theorem: From myth tobehavior model.- Adaptive spatial harvest planning under risk of windthrow.- An econometric analysis of differences instumpage values using micro-levelharvesting data.- Afforestation as a real option: Choosing among options.- The value of urban afforestation:A hedonic pricing case.- Comparison of multi-criteria optimisation techniques for selection of conservationareas.- DEA based yardstick competition innatural resource management.- II Industry.- A multi-output restricted profit function for Norwegian sawmilling.- The use of sawnwood withinthe end-use and producer sectorsin former West Germany.- Backward vertical integration in the Swedish forest sector six case studies.- III Markets.- The impact of government investmentassistance on forest investment and timber supply.- Preservation and employment.- Issues and prospects in global forest sector modeling.- Inventory and price movements ofconiferous sawnwood in Europe.- Quality dimensions of wood products -perceptions of German organisationalcustomers.- Analysis of tradein non-timber forest products.- List of Authors.