Extended Model of the Natural Resource Input-Output Market: Game Meat in Latvia as an Example

Yukichika Kawata

South-Eastern Europe Journal of Economics, 2011, vol. 9, issue 2, 167-185

Abstract: This paper incorporates input and output markets into a traditional natural resource economics model which was developed in fishery economics, in the context of terrestrial wild animal management. This model enables the division of the total game meat under the cull limit into personal consumption and market circulation. It is indicated that the utilization of game meat depends on the limitations in the optimum resource levels and the input market prices. While overuse is a typical problem in fishery economics, underuse is an issue in the case of wild animals, and the model successfully explains this issue.

Keywords: game meat; input and output markets; oligopsony/oligopoly power model; underuse; personal consumption (search for similar items in EconPapers)
JEL-codes: Q21 Q57 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:9:y:2011:i:2:p:167-185

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