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

Listed author(s):
  • Mensah, Justice

    ()

    (Department of Economics, Swedish University of Agricultural Sciences)

  • Elofsson, Katarina

    ()

    (Department of Economics, Swedish University of Agricultural Sciences)

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.

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File URL: http://pub.epsilon.slu.se/12515/
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Paper provided by Department Economics, Swedish University of Agricultural Sciences in its series Working Paper Series with number 2015:07.

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Length: 30 pages
Date of creation: 26 Oct 2015
Handle: RePEc:hhs:slueko:2015_007
Contact details of provider: Postal:
Department of Economics, Box 7013, Swedish University of Agricultural Sciences, SE-750 07 Uppsala, Sweden

Phone: 018-67 1724
Fax: 018-67 3502
Web page: http://www.slu.se/ekonomi

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