|
AgEcon Search >
American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) >
2001 Annual meeting, August 5-8, Chicago, IL >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/20440
|
| Title: | RESOURCE OR NUISANCE? MANAGING AFRICAN ELEPHANTS AS A MULTI-USE SPECIES |
| Authors: | Horan, Richard D.
Bulte, Erwin H. |
| Authors (Email): | Horan, Richard (horan@msu.edu)
Bulte, Erwin (E.H.Bulte@kub.nl) |
| Issue Date: | 2001 |
| Series/Report no.: | Selected Paper |
| Abstract: | Increasing human interference with natural systems causes us to re-think our perception of wildlife species and the economic choices society makes with regards to their management. Accordingly, we generalize existing 'bioeconomic' models by proposing an economically-based classification of species. The theoretical model is applied to the case of African elephant management. We demonstrate that the classification of the steady state population of a species depends on both species' density and economic factors. Our main results are threefold. First, we demonstrate the classification-dependent possibility of multiple equilibria and perverse comparative statics for multi-use species. Second, upon comparing the optimal stock of a multi-use species to the stock under an open access regime, we find that the ranking in terms of abundance is ambiguous. Finally, and consistent with existing literature on resource management in a second-best world, our case study supports the idea that trade measures have ambiguous effects on wildlife abundance under open access. |
| URI: | http://purl.umn.edu/20440 |
| Institution/Association: | American Agricultural Economics Association>2001 Annual meeting, August 5-8, Chicago, IL |
| Total Pages: | 34 |
| Language: | English |
| Collections: | 2001 Annual meeting, August 5-8, Chicago, IL
|
Files in This Item:
| File |
Size | Format |
|---|
| sp01ho01.pdf | 130Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
