RT Journal Article
SR Electronic
T1 Factors Determining Differences in Local Hunting Lease Rates: Insights from Blinder-Oaxaca Decomposition
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 66
OP 78
DO 10.3368/le.86.1.66
VO 86
IS 1
A1 Ian A. Munn
A1 Anwar Hussain
YR 2010
UL http://le.uwpress.org/content/86/1/66.abstract
AB Factors determining local hunting lease rates, and differences between rates across Mississippi regions, were analyzed using Blinder-Oaxaca decomposition procedures. Per acre rates were 26% greater in west versus east Mississippi. Depending on the decomposition procedure employed, differences in resource endowments accounted for 43% to 69% of the gap. Differences in habitat quality were primarily responsible. Lessors in east Mississippi can improve their rates by reducing lease sizes and shortening contract lengths. Information about differences in local lease rates and the sources of those differences is critically needed by landowners, outfitters, hunters, financial institutions, and natural resource managers. (JEL Q23, Q26)