Author: Gamble, Hays B.

Source: Journal of Forestry, Volume 79, Number 4, 1 April 1981 , pp. 215-216(2)

Publisher: Society of American Foresters

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: 1: 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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