Abstract

KIDO, Antonio. An option value analysis of the monarch butterfly forests. agric. soc. desarro [online]. 2004, vol.1, n.2, pp.163-169. ISSN 1870-5472.

This study compares the timber and amenity value of a particular forest, and questions whether or not harvesting a larger area of a special biosphere reserve of the monarch sanctuary is more or less efficient from an economic perspective. Results show that, when only use value is taken into account, amenity value will exceed the critical amenity value, suggesting that larger exploitation should not be allowed.

Keywords : Amenity value; critical amenity value; timber value.