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Tuesday 2 May 2017

Managing Tropical Forests: Reflections on the Rent Distribution Discussion

Author
William F. Hyde and Roger Sedjo (sedjo@rff.org)
Land Economics, 1992, vol. 68, issue 3, pages 343-350

Abstract: Commercial forest extraction is one component of the tropical deforestation issue. Discussions about commercial extraction focus on choices among alternate rents and royalties. These discussions often confuse measures of short- and long-run efficiency and equate distributive issues with efficiency. They also overlook (1) potential lump sum charges, (2) administrative costs, and (3) previous public forestry agency experience. This paper develops a simple analytical construct for clarifying these issues and examines each in turn.
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