The year 2009 marks the 160th anniversary since Martin Faustmann published the seminal paper “Berechnung des Werthes, welchen Waldboden, sowie noch nicht haubare Holzbestände für die Waldwirthschaft besitzen” – “Calculation of the Value which Forest Land and Immature Stands Possess for Forestry”. This paper stands as an icon both for forest economics and capital theory.

The first International Faustmann Symposium was held in Darmstadt, Germany in 1999 and the second in Baton Rouge, Louisiana, USA in 2005. We invite all interested parties to attend the Third International Faustmann Symposium titled “Forest Economics in a Dynamic and Changing World”.

The themes of the Symposium are:

1. New theoretical developments of deterministic and stochastic forest economic models in the rapidly changing worlds of natural resources, environment, and economic development.

2. Theoretical and practical applications for optimal timber production at the stand, forest and regional levels, including studies on forest economic problems in developing countries.

3. Studies on the integration of timber production with recreational and other forest values, including economic studies on forestry and climate change.

4. Studies applying the optimal rotation approach in other fields of resource, environmental or agricultural economics.

Call for Papers

The organizers of the Symposium are particularly interested in encouraging both theoreticians and practitioners in the field of forest economics, as well as economists and forest scientists with closely related interests to participate in the Symposium. The intent is to have a lively exchange between researchers and practitioners during the Symposium and to spark ideas to meet the needs of real world applications. Any questions regarding relevance should be directed to either to Dick Brazee ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ) or Olli Tahvonen ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it )

For consideration full papers must be received by April 30, 2009. Papers should be in English. Please use the templates on the webpage (www.faustmann-conference.de) and submit papers (electronically) to Dick Brazee at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or Olli Tahvonen at This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Authors will be notified regarding acceptance by June 30, 2009.

Best Paper Award

Participants born in 1979 or later can win the "best paper award". Sponsor of this 500 € award is S.D. Albrecht Fürst zu Oettingen-Spielberg. The criteria are the theoretical value and the originality of the manuscript.

Registration

For program information please see the Symposium webpage: www.faustmann-conference.de/. Registration is possible by now using the web form. Questions regarding registration can be directed to Martin Moog ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ).

Organizing and Program Committee

Gregory S. Amacher, Virginia Tech, USA

Richard J. Brazee, University of Illinois, USA

Sun Joseph Chang, Louisiana State University, USA

Peter Deegen, Technische Universität Dresden, Germany

Shashi Kant, University of Toronto, Canada

Thomas Knoke, Technische Universität München, Germany

Karl-Gustaf Löfgren, University of Umea, Sweden

Bernhard Moehring, University of Goettingen, Germany

Martin Moog, Technische Universität München, Germany

Gonzalo Paredes, Universidad Austral de Chile, Chile

Jean-Luc Peyron, ECOFOR, France

Carlos Ribeiro, Federal University of Vicosa, Brazil

Olli Tahvonen, METLA, Finland