Author: Josephson, H. R.

Source: Journal of Forestry, Volume 74, Number 9, 1 September 1976 , pp. 605-608(4)

Publisher: Society of American Foresters

Abstract:

Proposals that the Forest Service use economic models in lieu of an "even-flow" policy in scheduling national forest timber harvests assume a goal of maximizing the present net worth of monetary incomes. Economic calculations, however, must also consider costs and benefits of indirect or "external" effects, and must identify an appropriate social rate of discount. All illustration of alternative harvest schedules, based on current indications of timber demand and supply elasticity and trends, suggests that acceleration of harvests would increase the present net worth of national forest timber but reduce the present net worth for "other" owners. Political acceptability is also a highly relevant consideration.

Document Type: Journal article

Affiliations: 1: Consultant in Forest Economics

Publication date: 1976-09-01

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