On the management of interconnected wildlife populations
Economic interdependency of wildlife or fish stocks is usually attributed to ecological interdependency, such as predator - prey and competitive relationships, or to density dependent migration of species between different areas. This paper provides another channel for economic interdependency of wildlife where density independent migration and market price interaction affect the management strategies among different landowners. Management is studied under three market conditions for selling hunting licences: price taking behaviour, monopoly market and duopoly market. Harvesting of the Scandinavian moose is used as an example. The paper provides several results on how economic interdependency works through the migration pattern. When a duopoly market is introduced, hunting license price interaction among the landowners plays an additional role in determining the optimal harvesting strategy.
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- Richard Horan & Erwin Bulte, 2004. "Optimal and Open Access Harvesting of Multi-Use Species in a Second-Best World," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 28(3), pages 251-272, July.
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- Anders Skonhoft & Claire Armstrong, 2005. "Marine reserves. A bio-economic model with asymmetric density dependent migration," Working Paper Series 5005, Department of Economics, Norwegian University of Science and Technology.
- Horan, R.D. & Bulte, E.H., 2004. "Optimal and open access harvesting and multi-use species in a second best world," Other publications TiSEM 95000e50-7225-4f4d-aeaf-a, Tilburg University, School of Economics and Management.
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- Hannesson, Rognvaldur, 1983. "Optimal harvesting of ecologically interdependent fish species," Journal of Environmental Economics and Management, Elsevier, vol. 10(4), pages 329-345, December.
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- Schulz, Carl-Erik & Skonhoft, Anders, 1996. "Wildlife management, land-use and conflicts," Environment and Development Economics, Cambridge University Press, vol. 1(03), pages 265-280, July.
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Kiel Working Papers
580, Kiel Institute for the World Economy (IfW).
- Frank Stähler, 1996. "On International compensations for environmental stocks," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 8(1), pages 1-13, July.
- Dockner,Engelbert J. & Jorgensen,Steffen & Long,Ngo Van & Sorger,Gerhard, 2000. "Differential Games in Economics and Management Science," Cambridge Books, Cambridge University Press, number 9780521637329, December.
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