Forests as medicinal plant resources have direct use, option, bequest and existence values in the framework of total economic value. Related to potential pharmacological benefits of forests estimation of option values can provide useful information for realizing sustainable forest ecosystem management and efficient resource allocation. Various methods have been developed to estimate the pharmacological option values of biological diversity resources since 1980. One of them is P&P model was developed by Pearce and Puroshothaman (1992) and used in some case studies on forest valuation at national and local level in Turkey, Mexico and tropical forests. In this article the P&P model is discussed regarding conceptual framework and practical aspects, especially from the point of view of its basic approach named rent capture.
Primary Language | Turkish |
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Journal Section | Articles |
Authors | |
Publication Date | March 1, 2006 |
Published in Issue | Year 2006 Volume: 8 Issue: 9 |
Bartin Orman Fakultesi Dergisi Editorship,
Bartin University, Faculty of Forestry, Dean Floor No:106, Agdaci District, 74100 Bartin-Turkey.
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