Wildlife in the Marketplace

Wildlife in the Marketplace

by Terry L. Anderson, Peter J. Hill
     
 

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… See more details below

Overview

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).

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Product Details

ISBN-13:
9780847680252
Publisher:
Rowman & Littlefield Publishers, Inc.
Publication date:
02/01/2002
Series:
Political Economy Forum Series
Edition description:
New Edition
Pages:
208
Product dimensions:
6.00(w) x 9.00(h) x 1.00(d)

Table of Contents

Tables, Figures, and Map
Acknowledgments
Introduction From a Liability to an Asset: Developing Markets for Wildlife
Ch. 1The Economic Organization of Wildlife Institutions1
Ch. 2In the Interests of Wildlife: Overcoming the Tradition of Public Rights25
Ch. 3The Economics of Fatal Mistakes: Fiscal Mechanisms for Preserving Endangered Predators43
Ch. 4Strategic Pricing in the Fur Trade: The Hudson's Bay Company, 1700-176361
Ch. 5The Economics of Elk Management89
Ch. 6A New Paradigm in Wildlife Conservation: Using Markets to Produce Big Game Hunting109
Ch. 7The Capitalist Tool: Wildlife Management in Colorado's Sangre de Cristo Mountains127
Ch. 8Who Owns the Elephants? The Political Economy of Saving the African Elephant147
Ch. 9Property Rights Contracting and the Commercialization of Biodiversity167
Index179
About the Political Economy Forum and the Authors187

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