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Bioeconomic modeling of wetlands and waterfowl in Western Canada: Accounting for amenity values

Gerrit van Kooten, Patrick Withey and Linda Wong

No 61308, Annual Meeting, 2010, Denver Colorado, July 25-27 from Canadian Agricultural Economics Society

Abstract: This study extends an original bioeconomic model of optimal duck harvest and wetland retention by bringing in amenity values related to the nonmarket (in situ) benefits of waterfowl plsi the ecosystem values of wetlands themselves. The model maximizes benefits to hunters as well as the amenity values of ducks and ecosystem benefits of wetlands, subject to the population dynamics. Results indicate that wetlands and duck harvests need to be increased relative to historical levels. Further, the socially optimal ratio of duck harvest to wetlands is larger than what has been observed historically. Including amenity values leads to a significant increase in the quantity of wetlands and duck harvests relative to models that focus only on hunting values.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 31
Date: 2010
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Downloads: (external link)
https://ageconsearch.umn.edu/record/61308/files/CAES%20Submission.pdf (application/pdf)

Related works:
Journal Article: Bioeconomic Modeling of Wetlands and Waterfowl in Western Canada: Accounting for Amenity Values (2011)
Working Paper: Bioeconomic modeling of wetlands and waterfowl in Western Canada: Accounting for amenity values (2010) Downloads
Working Paper: Bioeconomic modeling of wetlands and waterfowl in Western Canada: Accounting for amenity values (2010) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:caes10:61308

DOI: 10.22004/ag.econ.61308

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