In this pioneering study, Krutilla and Fisher put the amenity resources of natural environments into an analytical framework comparable to that for the extractive resources. The models and theoretical background of their techniques are illustrated by case studies which include the controversial Hells Canyon dam, the Mineral King ski resort, and the Trans-Alaska pipeline. The authors point out that resource development activities undertaken on public lands often receive financial advantages---preferential tax treatment, subsidized capital, and access to public resources---that are not taken into account in the costs of the project. True evaluation of the costs and benefits of a development project often tips the balance in favor of preserving an area in a natural state.

The book applies the principles of cost-benefit analysis, an international program in which an equitable division of costs and gains was an aim, along with economies of coordinated development. Originally published in 1967

First Published in 2011. Routledge is an imprint of Taylor & Francis, an informa company.

This study represents the first scholarly attempt to consider the difficult allocation problems associated with management of natural resources and proposed changes in the natural environment. Originally published in 1973

This book sketches out a framework for analyzing the economic efficiency of particular river basin programs. It provides a useful cross-disciplinary perspective for economists and water resource developers?especially designed to provide working material for students in applied economics for conservation curricula.Originally published in 1958

In this book, Bowes and Krutilla bring together what is known and relevant about valuing the nonmarket services of the public forests and propose a new theoretical framework that allows multiple uses, the biological dynamics of the forest, and the institutional and economic realities of public forest management to be taken into account in forest planning and budgeting. The authors begin by tracing the development of multiple use in forest management and by exploring the multiple uses of the public forests and the economics of multiple-use forestry. They offer a masterful analysis of the nineteenth-century model of the single timber stand on which much forestry practice has been premised. Bowes and Krutilla then take a giant step forward by developing a larger theoretical framework and showing how forest structure and dynamics can be included in the economic model. The authors' rigorous exposition theory provides the foundation for analyzing case studies of management for timber and water yields in the Rockies, of recreation valuation in the Black Hills and White Mountain national forests, and of joint production in the White Clouds Peaks --- analyses that demonstrate the authors' great skill in developing practical methodologies to meet actual forest management problems.

In this pioneering study, Krutilla and Fisher put the amenity resources of natural environments into an analytical framework comparable to that for the extractive resources. The models and theoretical background of their techniques are illustrated by case studies which include the controversial Hells Canyon dam, the Mineral King ski resort, and the Trans-Alaska pipeline. The authors point out that resource development activities undertaken on public lands often receive financial advantages---preferential tax treatment, subsidized capital, and access to public resources---that are not taken into account in the costs of the project. True evaluation of the costs and benefits of a development project often tips the balance in favor of preserving an area in a natural state.