Non-timber Values and the Optimal Forest Rotation: An Application to the Southern Forest of Tasmania
The present paper examines the optimal use of a site containing standing timber, taking account of both timber and non-timber values. Using a site in the southern forest of Tasmania for illustrative purposes, it calculates the relationships between age of stand, extent of timber and non-timber values and optimal cutting age. 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. Copyright © 2004 Economic Society of Australia..
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Volume (Year): 80 (2004)
Issue (Month): 251 (December)
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