AN OVERVIEW OF NONWOOD VALUATION EFFORTS IN ONTARIO

The value of various un-priced (non-wood) outputs or services from for ests is becoming an increasingly important component of management pla nning. This paper reviews the methods economists have developed to der ive monetary estimates of these values. From a decision-making perspec tive, the primary goal of such efforts is for comparison of competing values. The paper also reviews all the un-priced valuation studies tha t have taken place in Ontario. There is considerable scope for additio nal empirical research on un-priced forest values, not only in Ontario , but elsewhere in Canada.