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Reducing Deer Overabundance by Distinguishing High-productivity Hunters: Revealed-Preference, Incentive-Compatible Licensing Mechanisms

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  • Ward, Kelly John

Abstract

This paper models the current problem of overabundance (and under-harvesting) of white-tailed deer as a Principal-Agent problem, with adverse selection and moral hazard. Using econometric analysis of data available from hunter behaviors studies in Pennsylvania, overall welfare gains are estimated from increased hunter satisfaction and license revenue. Results indicate that significant gains in economic surplus result when licensing schemes are unrestricted by current quota systems.

Suggested Citation

  • Ward, Kelly John, 2005. "Reducing Deer Overabundance by Distinguishing High-productivity Hunters: Revealed-Preference, Incentive-Compatible Licensing Mechanisms," 2005 Annual meeting, July 24-27, Providence, RI 19281, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19281
    DOI: 10.22004/ag.econ.19281
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    References listed on IDEAS

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    1. Myerson, Roger B., 1982. "Optimal coordination mechanisms in generalized principal-agent problems," Journal of Mathematical Economics, Elsevier, vol. 10(1), pages 67-81, June.
    2. Eric Maskin & John Riley, 1984. "Monopoly with Incomplete Information," RAND Journal of Economics, The RAND Corporation, vol. 15(2), pages 171-196, Summer.
    3. Daniel Rondeau & Jon M. Conrad, 2003. "Managing Urban Deer," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(1), pages 266-281.
    4. Rondeau, Daniel, 2001. "Along the Way Back from the Brink," Journal of Environmental Economics and Management, Elsevier, vol. 42(2), pages 156-182, September.
    5. Wilson, Robert, 1997. "Nonlinear Pricing," OUP Catalogue, Oxford University Press, number 9780195115826.
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