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Economics of Wilderness Resources

Smith, Vernon L. (1975) Economics of Wilderness Resources. Social Science Working Paper, 84. California Institute of Technology , Pasadena, CA. (Unpublished)

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In the USA there has been an explosion in the numbers of visitors to 'wildernesses' such as the Grand Canyon and the High Sierra, which is causing considerable distress for naturalists and environmentalists interested in wilderness preservation, and for National Park and Forest Service administrators caught in the cross currents of political pressure to make public lands freely available for recreation, while attempting to maintain them in their natural state. Control theory and stationary general equilibrium theory are used to study a model of certain characteristics of public recreational resources, and several types of equilibrium are illustrated and compared. It is suggested that rationing, by deliberately increasing the cost of access to scenic resources, may be society's best option.

Item Type:Report or Paper (Working Paper)
Additional Information:I am grateful to the National Science Foundation for research support. Published as Smith, Vernon L. "Economics of wilderness resources." Intermountain Economic Review 7.2 (1976): 1-14.
Group:Social Science Working Papers
Funding AgencyGrant Number
Subject Keywords:conservation, environment, forest recreation, forests, nature conservation, nature reserves, recreational facilities, rural areas
Non-Subject Keywords:APEC countries, Developed Countries, North America, America, OECD Countries
Series Name:Social Science Working Paper
Issue or Number:84
Record Number:CaltechAUTHORS:20171030-161038670
Persistent URL:
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82797
Deposited By: Jacquelyn Bussone
Deposited On:30 Oct 2017 23:25
Last Modified:03 Oct 2019 18:58

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