Wildlife in the Marketplace

by Anderson, Terry L.; Hill, Peter J.; Amacher, Ryan C.; Carlos, Ann M.; Davis, Robert K.; Huffman, James L.; Kreuter, Urs P.; Lewis, Frank D.; Lueck, Dean L.; Sedjo, Roger A.; Simmons, Randy T.; Simpson, R David; Tollison, Robert D.; Wenders, John T.; Wille

• ISBN13: 9780847680245
• ISBN10: 084768024X
• Format: Hardcover
• Copyright: 1995-05-02
• Publisher: Rowman & Littlefield Publishers

Summary

This collection of new and classic essays by a group of distinguished economists and wildlife experts challenges the prevailing idea that wildlife and markets are inimical to one another, arguing that markets can play an important role in preserving animal species and their habitat. In fact, the editors argue, the late nineteenth-century slaughter of wild game occurred because common ownership gave no incentive for hunters to limit their take or for owners of habitat to invest in wildlife. Using case studies from North America and southern Africa, the essays discuss how 'enviro-capitalism' has been successfully implemented to encourage elephant and rhino preservation and look at the politics of the international ivory ban. They examine the historical role of incentive wildlife management and the problems with political wildlife management that do not take into account the ownership of habitat.

Author Biography

Terry L. Anderson is Professor of Economics at Montana State University and Executive Director of the Political Economy Research Center. Peter J. Hill is Professor of Economics at Wheaton College. Among their many publications is The Political Economy of the American West co-edited for Rowman & Littlefield (1994).

Table of Contents

Tables, Figures, and Map
Acknowledgments
Introduction From a Liability to an Asset: Developing Markets for Wildlife
The Economic Organization of Wildlife Institutions	p. 1
In the Interests of Wildlife: Overcoming the Tradition of Public Rights	p. 25
The Economics of Fatal Mistakes: Fiscal Mechanisms for Preserving Endangered Predators	p. 43
Strategic Pricing in the Fur Trade: The Hudson's Bay Company, 1700-1763	p. 61
The Economics of Elk Management	p. 89
A New Paradigm in Wildlife Conservation: Using Markets to Produce Big Game Hunting	p. 109
The Capitalist Tool: Wildlife Management in Colorado's Sangre de Cristo Mountains	p. 127
Who Owns the Elephants? The Political Economy of Saving the African Elephant	p. 147
Property Rights Contracting and the Commercialization of Biodiversity	p. 167
Index	p. 179
About the Political Economy Forum and the Authors	p. 187
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