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Factors Determining Differences in Local Hunting Lease Rates: Insights from Blinder-Oaxaca Decomposition

Listed author(s):
  • Ian A. Munn
  • Anwar Hussain

Factors determining local hunting lease rates, and differences between rates across Mississippi regions, were analyzed using Blinder-Oaxaca decomposition procedures. Per acre rates were 26% greater in west versus east Mississippi. Depending on the decomposition procedure employed, differences in resource endowments accounted for 43% to 69% of the gap. Differences in habitat quality were primarily responsible. Lessors in east Mississippi can improve their rates by reducing lease sizes and shortening contract lengths. Information about differences in local lease rates and the sources of those differences is critically needed by landowners, outfitters, hunters, financial institutions, and natural resource managers.

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File URL: http://le.uwpress.org/cgi/reprint/86/1/66
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Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 86 (2010)
Issue (Month): 1 ()
Pages: 66-78

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Handle: RePEc:uwp:landec:v:86:y:2010:i:1:p:66-78
Contact details of provider: Web page: http://le.uwpress.org/

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  1. Willis Peterson, 1986. "Land Quality and Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(4), pages 812-819.
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  8. Messonier, Mark L. & Luzar, E. Jane, 1990. "A Hedonic Analysis of Private Hunting Land Attributes Using an Alternative Functional Form," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(02), pages 129-135, December.
  9. Kerry R. Livengood, 1983. "Value of Big Game from Markets for Hunting Leases: The Hedonic Approach," Land Economics, University of Wisconsin Press, vol. 59(3), pages 287-291.
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  11. Philippe Le Goffe, 2000. "Hedonic Pricing of Agriculture and Forestry Externalities," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 15(4), pages 397-401, April.
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