Application of Environmental Economics to Sustainable Management of the Forests of South-East Australia

David James

The Annals of Regional Science, 1994, vol. 28, issue 1, 77-89

Abstract: This paper is based on the work of the Resource Assessment Commission, which was required by the Prime Minister to inquire into uses of Australia's forest and timber resources. It begins with a brief discussion of concepts of sustainable resource management and the guiding principles of the Commission. A description is given of the study area, its environment and forest resources. Sources of conflict in resource management are identified. The paper then explains how benefit-cost analysis techniques were applied to assess resource management options. The analysis undertaken was based on the Krutilla-Fisher model and contingent valuation of the forest resource.

Date: 1994
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