ABSTRACT
The need to make rational decisions with regard to the allocation of natural resources increases as demand for the products of the public lands—wood, water, forage, wildlife habitat, and recreational opportunities—grows while the supply of natural resources available to meet these demands stays relatively stable. The pioneering work of John Krutilla has been influential in showing the relevance of the analytical, management, and policy tools of efficiency economics to this problem (Bowes and Krutilla, in press; Fisher and Krutilla, 1972; Haigh and Krutilla, 1980; Krutilla, 1966; Krutilla and Fisher, 1975; Krutilla and Knetsch, 1970; Krutilla, Bowes, and Wilman, 1983).
