Some organizing principles in the valuation of tropical forests
Some principles that should be used when evaluating the economic benefits of a standing tropical forest are outlined in this paper. The benefits of tropical forests include timber rents, revenues from non-timber forest goods and services, positive externalities to people living downstream, income from tourism, and biodiversity. The misallocation of resources arising from improper valuation of tropical forests are outlined.
Journal:
Forest Ecology & Management
Year:
1992
Volume:
50
Issue:
1-2
Pages:
171-180
DOI:
10.1016/0378-1127(92)90322-Z
Link:
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