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Cost Allocation in Efficient Multiple-Use Management: A Comment

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Abstract:

There is no need to allocate costs to outputs in order to decide upon the marginality of land for particular uses. Optimal land allocations may be based on the outputs and total costs of alternative strategies for each land unit. If the best allocation excludes an output, then that use is sub-marginal. Only this classification has economic meaning. Such classification is not permanent, but will depend on the relative values of outputs.

Document Type: Journal Article

Affiliations: Senior Fellow, Resources for the Future Washington, D.C. RFF's Forest Economics and Policy Program, Supported by funds from the Ford Foundation, the U.S. Forest Service, and the Weyerhaeuser Company Foundation

Publication date: 1979-07-01

More about this publication?
  • The Journal of Forestry is the most widely circulated scholarly forestry journal in the world. In print since 1902, the Journal has received several national awards for excellence. The mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and pathology, fire, forest ecology, geospatial technologies, history, international forestry, measurements, policy, recreation, silviculture, social sciences, soils and hydrology, urban and community forestry, utilization and engineering, and wildlife management. The Journal is published bimonthly: January, March, May, July, September, and November.

    2015 Impact Factor: 1.476
    Ranking: 22 of 66 in forestry

    Also published by SAF:
    Forest Science
    Other SAF Publications
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