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Spatial-temporal aspects of cost-benefit analysis for park management: an example from Khao Yai National Park, Thailand

Albers, H. J. and Robinson, E. J. Z. (2007) Spatial-temporal aspects of cost-benefit analysis for park management: an example from Khao Yai National Park, Thailand. Journal of Forest Economics, 13 (2-3). pp. 129-150. ISSN 1104-6899

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To link to this item DOI: 10.1016/j.jfe.2007.02.002

Abstract/Summary

Using a model calibrated to Khao Yai National Park in Thailand, this paper highlights the importance of generating explicitly spatial and temporal data for developing management plans for tropical protected forests. Spatial and temporal cost-benefit analysis should account for the interactions between different land uses – such as the benefits of contiguous areas of preserved land and edge effects – and the realities of villagers living near forests who rely on extracted resources. By taking a temporal perspective, this paper provides a rare empirical assessment of the importance of quasi-option values when determining optimal management plans.

Item Type:Article
Refereed:Yes
Divisions:Faculty of Life Sciences > School of Agriculture, Policy and Development > Economic and Social Sciences Division > Food Economics and Marketing (FEM)
ID Code:31587
Publisher:Elsevier

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