ABSTRACT
This chapter presents an economic analysis of the multiple use concept and reviews two current approaches to multiple use often presented as being divergent, and shows how both are amenable to the suggested analytical approach. The production of more than one product from the same plant or through use of the same process may be treated under joint-production theory. Logically, the Pearson approach requires the land manager to settle upon a "primary" use for each subdivision of the total area. "Secondary" uses would be tolerated only as long as they do not interfere with the primary use. In contrast, the Dana-McArdle approach would hold that the major objective in managing this same tract was to maximize returns from the area, and would further maintain that the combination of forage and timber which would achieve this maximization might entail some sacrifice of timber output.
