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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- Halsema, Alex & Withagen, Cees, 2008. "Managing multiple fishery pools: property rights regimes and market structures," Environment and Development Economics, Cambridge University Press, vol. 13(06), pages 775-794, December.
- 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.
- Armstrong, Claire W. & Skonhoft, Anders, 2006. "Marine reserves: A bio-economic model with asymmetric density dependent migration," Ecological Economics, Elsevier, vol. 57(3), pages 466-476, May.
- Richard Horan & Erwin Bulte, 2004. "Optimal and Open Access Harvesting of Multi-Use Species in a Second-Best World," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 28(3), pages 251-272, July.
- Naevdal, Eric & Olaussen, Jon Olaf & Skonhoft, Anders, 2012. "A bioeconomic model of trophy hunting," Ecological Economics, Elsevier, vol. 73(C), pages 194-205.
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