Compensation for Wildlife Damage: Habitat Conversion, Species Preservation and Local Welfare

Daniel Rondeau and Erwin Bulte

No 2003-01, Working Papers from University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group

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: compensation; crop damage; wildlife; endangered species preservation; bushmeat trade (search for similar items in EconPapers)
JEL-codes: D51 F18 O13 Q1 Q2 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2003-11
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http://web.uvic.ca/~repa/publications/REPA%20worki ... kingPaper2003-01.pdf Final version, 2003 (application/pdf)

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:rep:wpaper:2003-01

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