This study, originally published in 1990, seeks to address several important policy questions associated with the ongoing depletion of forested wetlands. First, in the context of Environmental Impact Statements, should the estimated areas of impact of Federal flood-control and drainage projects on wetlands be limited to (minimal) construction impacts, or should they include impacts which occur when such projects cause private landowners to drain and clear their wetland holdings? A second crucial question is whether wetland depletion and conversion to agricultural cropland has been excessive. This title will be of interest to students of Environmental Economics and Policy.
Table of Contents
List of Tables and Figures; Acknowledgements; 1. Introduction: Alternative Renewable Resource Strategies 2. Theory of Privately Optimal Resource Use: Market Allocations of Forested Wetlands and Agricultural Production 3. Econometric Analysis of Forested Wetland Conversion and Farmland Abandonment 4. Welfare Analysis of Forested Wetland Depletion 5. Summary and Conclusions; Appendices; Personal Communications; References