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Use Rates, Resource Flows, and Efficiency of Public Investment in Range Improvements

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  • Joe B. Stevens
  • E. Bruce Godfrey

Abstract

A theoretical model of interactions between use rates and resource flows over space and time is developed, and a static empirical model is derived for ex post analysis of public range investments on the Vale Project (Oregon). Five investment practices varied widely in their marginal productivities. For every Animal Unit Month (AUM) of grazing produced directly by Investment, an additional 0.5 AUM was obtained by manipulation of use rates to allow increased natural regeneration. Overall, the Vale Project was inefficient in terms of an implicit redistributional objective as well as the explicit national income objective.

Suggested Citation

  • Joe B. Stevens & E. Bruce Godfrey, 1972. "Use Rates, Resource Flows, and Efficiency of Public Investment in Range Improvements," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(4_Part_1), pages 611-621.
    • Handle: RePEc:oup:ajagec:v:54:y:1972:i:4_part_1:p:611-621.
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    File URL: http://hdl.handle.net/10.2307/1238537
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    Cited by:

    1. David K. Lambert, 1995. "Grazing On Public Rangelands: An Evolving Problem Of Property Rights," Contemporary Economic Policy, Western Economic Association International, vol. 13(2), pages 119-128, April.

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