Bioeconomic Modeling of Wetlands and Waterfowl in Western Canada: Accounting for Amenity Values
AbstractThis 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 InfoArticle 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)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0008-3976
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Other versions of this item:
- G. Cornelis van Kooten & Patrick Withey & Linda Wong, 2010. "Bioeconomic modeling of wetlands and waterfowl in Western Canada: Accounting for amenity values," Working Papers 2010-04, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
- van Kooten, G. Cornelis & Withey, Patrick & Wong, Linda, 2010. "Bioeconomic modeling of wetlands and waterfowl in Western Canada: Accounting for amenity values," Annual Meeting, 2010, Denver Colorado, July 25-27 61308, Canadian Agricultural Economics Society.
- Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
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