RT Journal Article
SR Electronic
T1 An Empirical Analysis of Hunting Lease Pricing and Value of Game in Sweden
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 292
OP 308
DO 10.3368/le.93.2.292
VO 93
IS 2
A1 Mensah, Justice Tei
A1 Elofsson, Katarina
YR 2017
UL http://le.uwpress.org/content/93/2/292.abstract
AB Game species generate considerable benefits to society in terms of hunting values, tourism, and maintenance of ecosystem balance. This paper seeks to estimate hunting values for multiple hunted species by disentangling the role of wildlife harvesting opportunities from other factors that affect hunting lease prices. We examine the determinants of hunting lease prices in Sweden using both spatial and nonspatial econometric techniques. Our analysis confirms considerable hunting values for fallow deer and wild boar. Also, the study reveals the presence of spatial spillovers in lease prices, implying that landowners have little scope for exerting monopoly power on the hunting lease market. (JEL Q23, Q26)