Taking Account of Non-Timber Values in Harvest Decisions in the Southern Forest of Tasmania
AbstractThis paper examines the optimal use of a site containing standing timber, taking account of both timber and non-timber values. It discusses the range of non-timber values yielded by a typical site in the southern forest of Tasmania. Taking that site for illustrative purposes, it calculates the relationships between age of stand, extent of timber and non-timber values, and optimal cutting age, using a spreadsheet model. It finds that for a stand with moderate potential environmental benefits there is a period of its life during which it is optimal to log. This segment narrows, and eventually disappears, as potential environmental benefits increase.
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Bibliographic InfoPaper provided by School of Economics, University of Queensland, Australia in its series Discussion Papers Series with number 332.
Date of creation: 2004
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