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Pet Overpopulation: An Economic Analysis

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Author Info
Coate, Stephen (Cornell University)
Knight, Brian (Brown University)

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Abstract

This paper considers the problem of pet overpopulation. It develops a tractable dynamic model whose positive predictions square well with key features of the current U.S. market for pets. The model is used to understand, from a welfare economic perspective, the sense in which there is "overpopulation" of pets and the underlying causes of the problem. The paper also employs the model to consider what policies might be implemented to deal with the problem. A calibrated example is developed to illustrate these corrective policies and quantify the welfare gains they produce.

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Paper provided by Cornell University, Center for Analytic Economics in its series Working Papers with number 09-10.

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Date of creation: Aug 2009
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Handle: RePEc:ecl:corcae:09-10

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  1. Allen, Robert C. & Keay, Ian, 2004. "Saving the Whales: Lessons from the Extinction of the Eastern Arctic Bowhead," The Journal of Economic History, Cambridge University Press, vol. 64(02), pages 400-432, June. [Downloadable!]
  2. M. Scott Taylor, 2007. "Buffalo Hunt: International Trade and the Virtual Extinction of the North American Bison," NBER Working Papers 12969, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Rosen, Sherwin & Murphy, Kevin M & Scheinkman, Jose A, 1994. "Cattle Cycles," Journal of Political Economy, University of Chicago Press, vol. 102(3), pages 468-92, June. [Downloadable!] (restricted)
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  4. Endenburg, N. & Hart, H. 't & Bouw, J., 1994. "Motives for acquiring companion animals," Journal of Economic Psychology, Elsevier, vol. 15(1), pages 191-206, March. [Downloadable!] (restricted)
  5. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124. [Downloadable!] (restricted)
  6. Hirschman, Elizabeth C, 1994. " Consumers and Their Animal Companions," Journal of Consumer Research: An Interdisciplinary Quarterly, University of Chicago Press, vol. 20(4), pages 616-32, March.
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