Canadian Forest Service Publications

Valuation of nontimber resources: an overview. 1994. Condon, B.; White, W.A. Natural Resources Canada, Canadian Forest Service, Northwest Region, Northern Forestry Centre, Edmonton, Alberta. Information Report NOR-X-339.

Year: 1994

Issued by: Northern Forestry Centre

Catalog ID: 11684

Language: English

Series: Information Report (NoFC - Edmonton)

Availability: Order paper copy (free), PDF (download)

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Abstract

This report provides a review of how economics can assist in the management of the forest resource by providing useful information on the value and measurement of nontimber resources such as recreation and preservation. Value is defined in the context of economic analysis; benefit–cost analysis, a tool used for land use trade-off decisions, is examined; the use values, nonuse values, and environmental control services are reviewed; and the importance of valuing nontimber resources is examined. The last section reviews the theoretical models (Contingent Valuation Method, Travel Cost Method, and the Discrete Choice Travel Cost Model) used in nontimber valuation and assesses their effectiveness.