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Bioeconomic Modeling of Wetlands and Waterfowl in Western Canada: Accounting for Amenity Values

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  • G. Cornelis van Kooten
  • Patrick Withey
  • Linda Wong

Abstract

This study extends an original bioeconomic model of optimal duck harvest and wetland retention by bringing in amenity values related to the nonmarket (in situ) benefits of waterfowl plsi the ecosystem values of wetlands themselves. The model maximizes benefits to hunters as well as the amenity values of ducks and ecosystem benefits of wetlands, subject to the population dynamics. Results indicate that wetlands and duck harvests need to be increased relative to historical levels. Further, the socially optimal ratio of duck harvest to wetlands is larger than what has been observed historically. Including amenity values leads to a significant increase in the quantity of wetlands and duck harvests relative to models that focus only on hunting values.

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Bibliographic Info

Article provided by Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie in its journal Canadian Journal of Agricultural Economics.

Volume (Year): 59 (2011)
Issue (Month): (06)
Pages: 167-183

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Handle: RePEc:bla:canjag:v:59:y:2011:i::p:167-183

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References

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  1. Hansen, LeRoy T., 2009. "The Viability of Creating Wetlands for the Sale of Carbon Offsets," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 34(2), August.
  2. G. Cornelis van Kooten, 1993. "Bioeconomic Evaluation of Government Agricultural Programs on Wetlands Conversion," Land Economics, University of Wisconsin Press, vol. 69(1), pages 27-38.
  3. Luke Brander & Raymond Florax & Jan Vermaat, 2006. "The Empirics of Wetland Valuation: A Comprehensive Summary and a Meta-Analysis of the Literature," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 33(2), pages 223-250, 02.
  4. Sanchirico, James N. & Wilen, James E., 2008. "Sustainable Use of Renewable Resources: Implications of Spatial-Dynamic Ecological and Economic Processes," International Review of Environmental and Resource Economics, now publishers, vol. 1(4), pages 367-405, February.
  5. Brett G. Cortus & Scott R. Jeffrey & James R. Unterschultz & Peter C. Boxall, 2011. "The Economics of Wetland Drainage and Retention in Saskatchewan," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 59(1), pages 109-126, 03.
  6. Smith, Martin D. & Sanchirico, James N. & Wilen, James E., 2009. "The economics of spatial-dynamic processes: Applications to renewable resources," Journal of Environmental Economics and Management, Elsevier, vol. 57(1), pages 104-121, January.
  7. Loomis, John B. & White, Douglas S., 1996. "Economic benefits of rare and endangered species: summary and meta-analysis," Ecological Economics, Elsevier, vol. 18(3), pages 197-206, September.
  8. James E. Wilen, 2007. "Economics of Spatial-Dynamic Processes," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(5), pages 1134-1144.
  9. Brown, Gardner, Jr & Hammack, Judd, 1973. "Dynamic Economic Management of Migratory Waterfowl," The Review of Economics and Statistics, MIT Press, vol. 55(1), pages 73-82, February.
  10. Woodward, Richard T. & Wui, Yong-Suhk, 2001. "The economic value of wetland services: a meta-analysis," Ecological Economics, Elsevier, vol. 37(2), pages 257-270, May.
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Cited by:
  1. G. Cornelis van Kooten & Patrick Withey & Linda Wong, 2011. "Climate Change Impacts on Waterfowl Habitat in Western Canada," Working Papers 2011-03, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
  2. Wong, Linda & van Kooten, G. Cornelis & Clarke, Judith A., 2012. "The Impact of Agriculture on Waterfowl Abundance: Evidence from Panel Data," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 37(2), August.
  3. Patrick Withey & G. Cornelis van Kooten, 2011. "The Effect of Climate Change on Land Use and Wetlands Conservation in Western Canada: An Application of Positive Mathematical Programming," Working Papers 2011-04, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
  4. Patrick Withey & G. Cornelis van Kooten, 2011. "The Effect of Climate Change on Wetlands and Waterfowl in Western Canada: Incorporating Cropping Decisions into a Bioeconomic Model," Working Papers 2011-06, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.

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