Compensation for Wildlife Damage: Habitat Conversion, Species Preservation and Local Welfare
We study the environmental and economic consequences of introducing a program to compensate peasants of a small economy for the damage caused by wildlife. We show that the widely held belief that compensation induces wildlife conservation may be erroneous. In a partially open economy, compensation can lower the wildlife stock and result in a net welfare loss for local people. In an open economy, compensation can trigger wildlife extinction and also reduce welfare. The conditions leading to a reduction of the wildlife stock are identified and the implications for current and planned compensation programs are discussed.
|Date of creation:||Nov 2003|
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bulte, E.H. & Horan, R.D., 2003.
"Habitat conservation, wildlife extraction and agricultural expansion,"
Other publications TiSEM
88fa3bff-65e8-478f-9edf-c, Tilburg University, School of Economics and Management.
- Bulte, Erwin H. & Horan, Richard D., 2003. "Habitat conservation, wildlife extraction and agricultural expansion," Journal of Environmental Economics and Management, Elsevier, vol. 45(1), pages 109-127, January.
- Baumol,William J. & Oates,Wallace E., 1988.
"The Theory of Environmental Policy,"
Cambridge University Press, number 9780521311120, October.
- Rollins, Kimberly & Briggs, Hugh III, 1996. "Moral Hazard, Externalities, and Compensation for Crop Damages from Wildlife," Journal of Environmental Economics and Management, Elsevier, vol. 31(3), pages 368-386, November.
- Jonathan Yoder, 2002. "Estimation of Wildlife-Inflicted Property Damage and Abatement Based on Compensation Program Claims Data," Land Economics, University of Wisconsin Press, vol. 78(1), pages 45-59.
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