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| Author: | Lockwood, M. Loomis, J. Lacy, T. de |
| Title: | The relative unimportance of a nonmarket willingness to pay for timber harvesting |
| Journal: | Ecological Economics
1994 : FEB, VOL. 9:2, p. 145-152 |
| Index terms: | ECOLOGY PAY TIMBER |
| Language: | eng |
| Abstract: | The magnitude of a nonmarket willingness to pay for logging of native forests in southeastern Australia is estimated using the contingent valuation method. This willingness to pay is apparently motivated by both the monetary and social costs of unemployment and a nonmarket intrinsic production value. The authors speculate that this nonmarket value for production may arise where a traditional land use is involved. Willingness to pay for intrinsic value production is small (4%) in comparison to the nonmarket economic value of reserving the same forests in national parks. |
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