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

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 value...

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Bibliographic Details
Main Authors van Kooten, G. Cornelis, Withey, Patrick, Wong, Linda
Format Conference Proceeding
LanguageEnglish
Published 2010
Edition525
Subjects
bioeconomic modelling
Environmental Economics and Policy
nonmarket values
Prairie pothole region
wetland protection
wildlife management
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Summary: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.
DOI:10.22004/ag.econ.61308