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Economic And Socio-Environmental Evaluation Of Predator Control Alternatives

Author

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  • Gum, Russell L.
  • Martin, William E.

Abstract

A simulation model containing both economic (monetary) and socio-environmental (value index) components is developed in a case study of predator control alternatives. Particular emphasis is given to the description and justification of the socio-economic model. The economic model is estimated in terms of producers' and consumers' surpluses. The empirical tradeoff function developed suggests that alternatives to recent predator control programs exist that could be "better" for both general public and producer interests. The general approach can serve as a prototype for policy evaluations involving multiple objectives.

Suggested Citation

  • Gum, Russell L. & Martin, William E., 1979. "Economic And Socio-Environmental Evaluation Of Predator Control Alternatives," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(1), pages 1-12, July.
    • Handle: RePEc:ags:wjagec:32435
    DOI: 10.22004/ag.econ.32435
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    References listed on IDEAS

    as
    1. Gee, C. Kerry, 1977. "Enterprise Budgets for Western Commercial Sheep Businesses, 1974," Miscellaneous Publications 330111, United States Department of Agriculture, Economic Research Service.
    2. Gum, Russell L. & Arthur, Louise M. & Magleby, Richard S., 1978. "Coyote Control: A Simulation of Evaluation of Alternative Strategies," Agricultural Economic Reports 307686, United States Department of Agriculture, Economic Research Service.
    3. Gee, C. Kerry & Magleby, Richard S. & Bailey, Warren R. & Gum, Russell L. & Arthur, Louise M., 1977. "Sheep and Lamb Losses to Predators and Other Causes in the Western United States," Agricultural Economic Reports 307647, United States Department of Agriculture, Economic Research Service.
    4. Schmalensee, Richard, 1976. "Another Look at the Social Valuation of Input Price Changes," American Economic Review, American Economic Association, vol. 66(1), pages 239-243, March.
    Full references (including those not matched with items on IDEAS)

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