Economic Incentives to Conserve Wildlife on Private lands: Analysis and Policy
AbstractSome believe that provision of private property rights in wildlife on private land can provide a powerful economic incentive for nature conservation because it enables property owners to market such wildlife or its attributes. If such marketing is profitable, private landholders will conserve the wildlife concerned and its required habitat. But land is not always most profitably used for exploitation of wildlife, and many economic values of wildlife (such as non-use economic values) cannot be marketed. The mobility of some wildlife (their fugitive nature) adds to the limitations of the private property approach. While some species may be conserved by this approach, it is suboptimal as a single policy approach to nature conservation. Nevertheless, it is being experimented with in the Northern Territory of Australia where landholders have the possibility of harvesting on their properties a quota of eggs and chicks of red-tailed black cockatoos for commercial sale. This scheme is expected to provide an incentive to private landholders to retain hollow trees essential for the nesting of these birds. Aspects of this approach are analysed using this case, and related ones, from Northern Australia. It is noted that the private property rights approach adopted in southern Africa is unlikely to be equally successful everywhere. The long-term survival of some species depends on their ability to use private lands without severe harassment, either for their migration or to supplement their available resources, for example, the Asian elephant in Sri Lanka. Nature conservation on private land is often a useful, if not essential, supplement to conservation on public lands. Community and public incentives for such conservation are outlined.
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Bibliographic InfoPaper provided by University of Queensland, School of Economics in its series Economics, Ecology and Environment Working Papers with number 48973.
Date of creation: Dec 2003
Date of revision:
Private property rights; wildlife conservation; Environmental Economics and Policy; Land Economics/Use;
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- Bandara, Ranjith & Tisdell, Clement A., 2003. "Use and non-use values of wild Asian elephants: A total economic valuation approach," Economics, Ecology and Environment Working Papers 48961, University of Queensland, School of Economics.
- Bandara, Ranjith & Tisdell, Clement A., 2003.
"The Net Benefit of Saving the Asian Elephant: A Policy and Contingent Valuation Study,"
Economics, Ecology and Environment Working Papers
48968, University of Queensland, School of Economics.
- Bandara, Ranjith & Tisdell, Clem, 2004. "The net benefit of saving the Asian elephant: a policy and contingent valuation study," Ecological Economics, Elsevier, vol. 48(1), pages 93-107, January.
- Bandara, Ranjith & Tisdell, Clement A., 2002. "Asian Elephants as Agricultural Pests: Damages, Economics of Control and Compensation in Sri Lanka," Economics, Ecology and Environment Working Papers 48735, University of Queensland, School of Economics.
- Tisdell, Clement A., 2005. "Sustainable Agriculture," Economics, Ecology and Environment Working Papers 55063, University of Queensland, School of Economics.
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