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Managing Tropical Forests: Reflections on the Rent Distribution Discussion

William F. Hyde and Roger Sedjo ()

Land Economics, 1992, vol. 68, issue 3, 343-350

Abstract: Commercial forest extraction is one component of the tropical deforestation issue. Discussions about commercial extraction focus on choices among alternate rents and royalties. These discussions often confuse measures of short- and long-run efficiency and equate distributive issues with efficiency. They also overlook (1) potential lump sum charges, (2) administrative costs, and (3) previous public forestry agency experience. This paper develops a simple analytical construct for clarifying these issues and examines each in turn.

Date: 1992
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