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An empirical analysis of hunting lease pricing and value of game in Sweden

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  • Mensah, Justice

    () (Department of Economics, Swedish University of Agricultural Sciences)

  • Elofsson, Katarina

    () (Department of Economics, Swedish University of Agricultural Sciences)

Abstract

Hunting generates considerable benefits to hunters, while simultaneously causing damages to agriculture and forestry. The aim of this paper is to estimate hunting values for multiple hunted species, by disentangling the role of wildlife harvesting opportunities from other factors which affect hunting lease prices. We examine the determinants of hunting lease prices in Sweden using both spatial and non-spatial econometric techniques. Our analysis confirms considerable hunting values for large ungulates such as moose and fallow deer. Results also suggest that hunters prefer to have a diverse set of ungulate species on their hunting ground. Moreover, the study reveals the presence of spatial spillovers in lease prices, implying that landowners have little scope for exerting monopoly power on the lease market. It also indicate that proximity to urban centers, income, size of the hunting field, and congestion cost are key drivers of hunting lease prices.

Suggested Citation

  • Mensah, Justice & Elofsson, Katarina, 2015. "An empirical analysis of hunting lease pricing and value of game in Sweden," Working Paper Series 2015:07, Swedish University of Agricultural Sciences, Department Economics.
  • Handle: RePEc:hhs:slueko:2015_007
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    File URL: http://pub.epsilon.slu.se/12515/
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    Keywords

    Valuation; Wildlife; Hedonic price method;

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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