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This special issue of the Journal is dedicated to the application of cost–benefit analysis to forest management and forest policy.

In the first group of papers, we look at recent advances in non–market valuation techniques, and how they can be usefully applied to forest management. Mike Christie, Nick Hanley and Stephen Hynes compare the use of choice experiments and contingent behaviour models to provide information on the demand for “specialist” recreation activities in UK forests. These activities, such as mountain biking and wildlife watching, are becoming increasingly important foci for forest planners wanting to increase net social benefits from forest...

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