Taking Account of Non-Timber Values in Harvest Decisions in the Southern Forest of Tasmania
Harry Campbell () and
Sarah Jennings ()
No 332, Discussion Papers Series from University of Queensland, School of Economics
This paper examines the optimal use of a site containing standing timber, taking account of both timber and non-timber values. It discusses the range of non-timber values yielded by a typical site in the southern forest of Tasmania. Taking that site for illustrative purposes, it calculates the relationships between age of stand, extent of timber and non-timber values, and optimal cutting age, using a spreadsheet model. It finds that for a stand with moderate potential environmental benefits there is a period of its life during which it is optimal to log. This segment narrows, and eventually disappears, as potential environmental benefits increase.
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Persistent link: https://EconPapers.repec.org/RePEc:qld:uq2004:332
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