Comment on: "Wilderness Costs in New England"
Abstract:The methodology proposed by R.W. Guldin (Journal of Forestry 78:548-552, 1980) to calculate wilderness costs contains a basic flaw in economic logic, resulting in overestimates of such costs and a misallocation of resources. The value of timber foregone on wilderness areas is not an appropriate cost variable. The additional resources that society must use and pay for to replace the timber and other goods and services not now available on a wilderness tract are, among others, the relevant variables.
Document Type: Commentary
Affiliations: Professor of Agricultural Economics and Associate Director, Institute for Research on Land and Water Resources, Pennsylvania State University, University Park
Publication date: 1981-04-01
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