The economic productivity of publicly funded wood preservatives research from 1950 to 1980 exemplifies public research in the forest product industries. We find a high internal rate of return for wood preservatives, nearly 300 percent. The research investments would not have been made by private...

This case study of red-cockaded woodpecker management in the Croatan National Forest in North Carolina demonstrates that a schedule of opportunity costs for endangered species management (1) is easy to calculate and (2) can help clarify management and policy alternatives The study also shows...