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A Welfare Economic Analysis Of The Potential Competition Between Hunting And Cattle Ranching

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  • Martin, William E.
  • Tinney, J. Craig
  • Gum, Russell L.

Abstract

Comparable empirical estimates of the market and nonmarket values of range cattle production and hunting activity on the same land are developed in the welfare economic framework of consumers' surplus, producers' surplus, and the corresponding Hicksian consumer welfare measures. The values are compared to illustrate possible trade-offs that would occur under potential conflict among users of the land resource. The welfare distribution issue is examined both in terms of aggregate and individual compensation that could occur between the alternative users.

Suggested Citation

  • Martin, William E. & Tinney, J. Craig & Gum, Russell L., 1978. "A Welfare Economic Analysis Of The Potential Competition Between Hunting And Cattle Ranching," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(2), pages 1-12, December.
    • Handle: RePEc:ags:wjagec:32554
    DOI: 10.22004/ag.econ.32554
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    References listed on IDEAS

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    1. Arthur H. Smith & William E. Martin, 1972. "Socioeconomic Behavior of Cattle Ranchers, with Implications for Rural Community Development in the West," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 217-225.
    2. James P. Houck, 1965. "The Relationship of Direct Price Flexibilities to Direct Price Elasticities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(3), pages 789-792.
    3. Russell L. Gum & William E. Martin, 1977. "Structure of Demand for Outdoor Recreation," Land Economics, University of Wisconsin Press, vol. 53(1), pages 43-55.
    4. Schmalensee, Richard, 1976. "Another Look at the Social Valuation of Input Price Changes," American Economic Review, American Economic Association, vol. 66(1), pages 239-243, March.
    5. Currie, John Martin & Murphy, John A & Schmitz, Andrew, 1971. "The Concept of Economic Surplus and its Use in Economic Analysis," Economic Journal, Royal Economic Society, vol. 81(324), pages 741-799, December.
    6. George, P.S. & King, Gordon A., 1971. "Consumer Demand for Food Commodities in the United States with Projections for 1980," Monographs, University of California, Davis, Giannini Foundation, number 11936, December.
    7. Russell L. Gum & William E. Martin, 1975. "Problems and Solutions in Estimating the Demand for and Value of Rural Outdoor Recreation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 558-566.
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    Cited by:

    1. Musser, Wesley N. & Ziemer, Rod F., 1979. "Estimating Recreation Values Associated With Land Use Changes," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 11(2), pages 1-6, December.
    2. Brokken, Ray F. & McCarl, Bruce A., 1987. "A Theoretical Evaluation of Fee Systems for Private Grazing on Federal Lands," Agricultural Economic Reports 308028, United States Department of Agriculture, Economic Research Service.
    3. Cory, Dennis C. & Martin, William E., 1985. "Valuing Wildlife For Efficient Multiple Use: Elk Versus Cattle," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(2), pages 1-12, December.

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