TY - JOUR

T1 - A hedonic analysis of the complex hunting experience

AU - Lundhede, Thomas

AU - Jacobsen, Jette Bredahl

AU - Thorsen, Bo Jellesmark

PY - 2015

Y1 - 2015

N2 - In Denmark, the right to hunt is vested with the land owner but can be transferred to others and is traded on a well-established market. The dominant form of hunting leases is time limited contract transferring the hunting rights on a piece of land to one or more persons. We analyze this market for hunting leases using the hedonic method on a rich set of data obtained from Danish hunters. We hypothesize and show that the price of a hunting lease reflects that hunting is a composite experience; and also reflects aspects relating to the landowners cost of leasing out hunting. Thus, the value of a lease is determined by the location and size of the hunting area, the game harvest and hunting activity itself, several landscape qualities affecting the recreational nature experience, several social aspects of hunting and the relation between the landowner, the hunters and their activities. The results can be used to make informed management and policy decisions that affect wildlife, hunters, landowners and land uses.

AB - In Denmark, the right to hunt is vested with the land owner but can be transferred to others and is traded on a well-established market. The dominant form of hunting leases is time limited contract transferring the hunting rights on a piece of land to one or more persons. We analyze this market for hunting leases using the hedonic method on a rich set of data obtained from Danish hunters. We hypothesize and show that the price of a hunting lease reflects that hunting is a composite experience; and also reflects aspects relating to the landowners cost of leasing out hunting. Thus, the value of a lease is determined by the location and size of the hunting area, the game harvest and hunting activity itself, several landscape qualities affecting the recreational nature experience, several social aspects of hunting and the relation between the landowner, the hunters and their activities. The results can be used to make informed management and policy decisions that affect wildlife, hunters, landowners and land uses.

KW - Social aspects of hunting

KW - Implicit prices

KW - Recreation

KW - Natural resource management

KW - Wildlife

KW - Game

U2 - 10.1016/j.jfe.2015.01.001

DO - 10.1016/j.jfe.2015.01.001

M3 - Journal article

VL - 21

SP - 51

EP - 66

JO - Journal of Forest Economics

JF - Journal of Forest Economics

SN - 1104-6899

IS - 2

ER -