Wildlife Valuation: The Collective Good Aspect of Hunting
Department or Administrative Unit
The focus of this paper is on the valuation of wildlife. It analyzes the potential of existing valuation methods in terms of their ability to value wildlife; discusses a previously neglected aspect of wildlife—the collective good dimension; and presents statistical results that incorporate a collective good dimension into a wildlife valuation model. Although the general nature and importance of benefits attributable to nonhunting activities are considered at several points, the central focus of this paper is on the quantification of hunting benefits. The empirical analysis deals exclusively with the hunting value of waterfowl.
Cocheba, D. J., & Langford, W. A. (1978). Wildlife Valuation: The Collective Good Aspect of Hunting. Land Economics, 54(4), 490. https://doi.org/10.2307/3146173