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Optimal Management of Game and Forage Resources in a Private Fee-Hunting Enterprise

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  • Ray G. Huffaker

Abstract

The paper formulates a bioeconomic model of a private fee-hunting enterprise to examine the optimal management of this agroecological system under a wide range of bioeconomic circumstances. An empirical application demonstrates that the economic viability of the enterprise (concerning managers) and the sustainability of the underlying biological resources (concerning public regulators) depend critically on the initial endowment of resources and on the existence of publicly-mandated or self-imposed restrictions on maximum allowable hunting rates. Perhaps surprising is the implication that in some circumstances regulators may be able to promote resource sustainability by relaxing hunting controls.

Suggested Citation

  • Ray G. Huffaker, 1993. "Optimal Management of Game and Forage Resources in a Private Fee-Hunting Enterprise," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(3), pages 696-710.
  • Handle: RePEc:oup:ajagec:v:75:y:1993:i:3:p:696-710.
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    File URL: http://hdl.handle.net/10.2307/1243576
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    Cited by:

    1. Flottemesch, Thomas & Curtis, Kynda R., 2002. "Optimal Waterfowl Hunting Management Strategies For Private Landowners: A Minnesota Case Study," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36664, Western Agricultural Economics Association.
    2. Ben White, 2000. "A Review of the Economics of Biological Natural Resources," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(3), pages 419-462, September.
    3. Jensen, Frank & Jacobsen, Jette Bredahl & Thorsen, Bo Jellesmark, 2016. "Designing hunting regulation under population uncertainty and self-reporting," Journal of Forest Economics, Elsevier, vol. 24(C), pages 157-171.

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