Taking Account of Non-Timber Values in Harvest Decisions in the Southern Forest of Tasmania
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.
|Date of creation:||2004|
|Date of revision:|
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- 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.
- Strang, William J, 1983. "On the Optimal Forest Harvesting Decision," Economic Inquiry, Western Economic Association International, vol. 21(4), pages 576-83, October.
- Stephen K. Swallow & Piyali Talukdar & David N. Wear, 1997. "Spatial and Temporal Specialization in Forest Ecosystem Management Under Sole Ownership," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 311-326.
- Swallow, Stephen K. & Parks, Peter J. & Wear, David N., 1990. "Policy-relevant nonconvexities in the production of multiple forest benefits," Journal of Environmental Economics and Management, Elsevier, vol. 19(3), pages 264-280, November.
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