Threatened species as public goods and public bads: An application to wild predators in Sweden
1999 (English)In: Environmental and Resource Economics, ISSN 0924-6460, E-ISSN 1573-1502, Vol. 13, no 1, 59-73 p.Article in journal (Refereed) Published
This paper discusses Pareto efficient allocations of an environmental commodity, which is both a public good and a public bad, with an application to the Scandinavian problem of conserving wild predators that are killing semi-domesticated reindeer. The paper begins by briefly outlining this conflict. This is followed by a theoretical analysis employing a diagrammatic tool called the Kolm triangle, which is an analogue of an Edgeworth box in an economy with a public good. Bargaining, Pareto improving reallocations and the shape of the Pareto set are discussed, using a simple model, where one of the agents is involountarily contributing to a public good. The paper concludes with an analysis of income-loss compensations and incentives for illegal hunting of predators.
Place, publisher, year, edition, pages
Kluwer Academic Publishers, 1999. Vol. 13, no 1, 59-73 p.
Research subject Economics
IdentifiersURN: urn:nbn:se:umu:diva-64357DOI: 10.1023/A:1008201401068OAI: oai:DiVA.org:umu-64357DiVA: diva2:600440