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Participatory Forest Management and the Trade-off between Current and Future Consumption of Forest Produce: Evidence from Nepal

Bal Krishna Upadhyay and Vikas Chitre
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Bal Krishna Upadhyay: Department of Economics, Tri-Chandra Campus, Tribhuvan University
Vikas Chitre: Indian School of Political Economy, Pune, Maharashtra, India

Indian Economic Review, 2013, vol. 48, issue 2, 323-350

Abstract: Institutional efficiency of the Community Forest User Groups (CFUGs) is critical in the trade-off between current and future consumption of fuel wood. This paper examines the impact of the attributes of the CFUG management and user members on households’ time preference for current consumption of fuelwood and estimates Marginal Rate of Substitution (MRS) between current and future consumption of fuel wood and Marginal Rate of Transformation (MRT) of current consumption of fuelwood into its future produce. Our findings suggest that the functioning mechanism of the CFUG that determines their institutional efficiency will be a major factor in determining the trade-off between current and future consumption of fuel wood.

Keywords: Community Forestry; Participatory Decision-Making; Institutional Mechanism; Time Preference; Marginal Rate of Substitution (MRS); Marginal Rate of Transformation (MRT). (search for similar items in EconPapers)
JEL-codes: Q02 Q23 (search for similar items in EconPapers)
Date: 2013
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