COMPENSATION FOR WILDLIFE DAMAGE: HABITAT CONVERSION, SPECIES PRESERVATION AND LOCAL WELFARE

Daniel Rondeau and Erwin Bulte

No 18158, Working Papers from University of Victoria, Resource Economics and Policy

Abstract: 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.

Keywords: Agricultural and Food Policy; Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 36
Date: 2003
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Related works:
Journal Article: Compensation for wildlife damages: Habitat conversion, species preservation and local welfare (2007)
Working Paper: Compensation for Wildlife Damage: Habitat Conversion, Species Preservation and Local Welfare (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uvicwp:18158

DOI: 10.22004/ag.econ.18158

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