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Taking Account of Non-Timber Values in Harvest Decisions in the Southern Forest of Tasmania

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Author Info
Prof Harry Campbell ()
S. M. Jennings (School of Economics, The University of Queensland)

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Abstract

This 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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File URL: http://www.uq.edu.au/economics/abstract/332.pdf
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Publisher Info
Paper provided by School of Economics, University of Queensland, Australia in its series Discussion Papers Series with number 332.

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Date of creation: 2004
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Handle: RePEc:qld:uq2004:332

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  1. Bowes, Michael D. & Krutilla, John V., 1985. "Multiple use management of public forestlands," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 2, chapter 12, pages 531-569 Elsevier. [Downloadable!] (restricted)
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