Threatened Species as Public Goods and Public Bads

Göran Bostedt ()

Environmental & Resource Economics, 1999, vol. 13, issue 1, 59-73

Abstract: This paper discusses Pareto efficient allocations of an environmental commodity, which is both a public good and a public bad, with an application to the Scandinavian problem of conserving wild predators that are killing semi-domesticated reindeer. The paper begins by briefly outlining this conflict. This is followed by a theoretical analysis employing a diagrammatic tool called the Kolm triangle, which is an analogue of an Edgeworth box in an economy with a public good. Bargaining, Pareto improving reallocations and the shape of the Pareto set are discussed, using a simple model, where one of the agents is involountarily contributing to a public good. The paper concludes with an analysis of income-loss compensations and incentives for illegal hunting of predators. Copyright Kluwer Academic Publishers 1999

Keywords: bargaining; compensations; illegal hunting; Kolm triangle; public goods' reindeer; wild predators (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (5)

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DOI: 10.1023/A:1008201401068

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