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An empirical analysis of hunting lease pricing and value of game in Sweden

Mensah, Justice Tei and Elofsson, Katarina (2015). An empirical analysis of hunting lease pricing and value of game in Sweden. Uppsala: (NL, NJ) > Dept. of Economics, Sveriges lantbruksuniversitet. Working paper series / Swedish University of Agricultural Sciences, Department of Economics ; 2015:07
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Abstract

Hunting generates considerable benefits to hunters, while simultaneously causing damages to agriculture and forestry. The aim of this paper is to estimate hunting values for multiple hunted species, by disentangling the role of wildlife harvesting opportunities from other factors which affect hunting lease prices. We examine the determinants of hunting lease prices in Sweden using both spatial and non-spatial econometric techniques. Our analysis confirms considerable hunting values for large ungulates such as moose and fallow deer. Results also suggest that hunters prefer to have a diverse set of ungulate species on their hunting ground. Moreover, the study reveals the presence of spatial spillovers in lease prices, implying that landowners have little scope for exerting monopoly power on the lease market. It also indicate that proximity to urban centers, income, size of the hunting field, and congestion cost are key drivers of hunting lease prices.

Authors/Creators:Mensah, Justice Tei and Elofsson, Katarina
Title:An empirical analysis of hunting lease pricing and value of game in Sweden
Series/Journal:Working paper series / Swedish University of Agricultural Sciences, Department of Economics (1401-4068)
Year of publishing :2015
Depositing date:18 August 2015
Number:2015:07
Number of Pages:30
Place of Publication:Uppsala
Publisher:Department of Economics, Swedish University of Agricultural Sciences
ISSN:1401-4068
Language:English
Publication Type:Report
Full Text Status:Public
Agris subject categories.:X Agricola extesions > X70 Economics and management
Subjects:(A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Economics
Agrovoc terms:wildlife, game, hunting, valuation, economic analysis
Keywords:Valuation, Wildlife, Hedonic price method
URN:NBN:urn:nbn:se:slu:epsilon-e-2840
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-e-2840
ID Code:12515
Faculty:NJ - Fakulteten för naturresurser och jordbruksvetenskap
Department:(NL, NJ) > Dept. of Economics
Deposited By: justice Mensah
Deposited On:18 Aug 2015 12:48
Metadata Last Modified:14 Feb 2016 11:12

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