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On the Possibility of Using Joint Cost Allocation in Forest Management Decision Making

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A refutable hypothesis is developed theoretically that joint cost allocation schemes are not likely to lead to correct output level decisions. This hypothesis is supported in a test case experiment involving a managed forest in Alabama. Seven allocation schemes are tested: Separable Cost-Remaining Benefits, Nucleolus, Proportional Nucleolus, Weak Nucleolus, Benefit-Included Nucleolus, Shapley Value, and a Generalized Shapley Value. None of these schemes indicate, in the test case, correct timber output levels based on timber benefits and allocated costs alone. For. Sci. 33(4):1035-1046.

Keywords: Economics; forest planning; joint production; policy

Document Type: Journal Article

Affiliations: Natural Resource Planner, Southern Region, Athens, GA, USDA Forest Service

Publication date: December 1, 1987

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