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An Empirical Analysis of Hunting Lease Pricing and Value of Game in Sweden

Author

Listed:
  • Justice Tei Mensah
  • Katarina Elofsson

Abstract

Game species generate considerable benefits to society in terms of hunting values, tourism, and maintenance of ecosystem balance. This paper seeks to estimate hunting values for multiple hunted species by disentangling the role of wildlife harvesting opportunities from other factors that affect hunting lease prices. We examine the determinants of hunting lease prices in Sweden using both spatial and nonspatial econometric techniques. Our analysis confirms considerable hunting values for fallow deer and wild boar. Also, the study reveals the presence of spatial spillovers in lease prices, implying that landowners have little scope for exerting monopoly power on the hunting lease market.

Suggested Citation

  • Justice Tei Mensah & Katarina Elofsson, 2017. "An Empirical Analysis of Hunting Lease Pricing and Value of Game in Sweden," Land Economics, University of Wisconsin Press, vol. 93(2), pages 292-308.
  • Handle: RePEc:uwp:landec:v:93:y:2017:i:2:p:292-308
    Note: DOI: 10.3368/le.93.2.292
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    File URL: http://le.uwpress.org/cgi/reprint/93/2/292
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    Cited by:

    1. Osseni, Abdel & Bareille, Francois & DUPRAZ, Pierre, 2018. "Decoupling Values Of Agricultural Externalities According To Scale: A Spatial Hedonic Approach In Brittany," 2018 Annual Meeting, August 5-7, Washington, D.C. 273998, Agricultural and Applied Economics Association.
    2. Mensah, Justice Tei & Persson, Jens & Kjellander, Petter & Elofsson, Katarina, 2019. "Effects of carnivore presence on hunting lease pricing in South Sweden," Forest Policy and Economics, Elsevier, vol. 106(C), pages 1-1.
    3. Engelman, Marc & Lagerkvist, Carl-Johan & Gren, Ing-Marie, 2018. "Hunters' trade-off in valuation of different game animals in Sweden," Forest Policy and Economics, Elsevier, vol. 92(C), pages 73-81.

    More about this item

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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