Environmental Price of Game Animal Stocks

ABSTRACT

Research has addressed the valuation of hunting and game species according to their extractive value, using both market and non-market methodologies. This study provides a new perspective to estimate environmental prices of game animals based on game hunting leases, population dynamics, the assumption of a steady state, and the use of the residual valuation method. This, in turn, allows the calculation of the contribution of game animal stock to total income from hunting and the value of game animal stock by species, sex, and age. These values are estimated in a manner that is consistent with the exchange value of national accounts, allowing improvement of game species valuation in ecosystem accounting.

KEYWORDS:

• Animal inventory valuation
• ecosystem accounting
• environmental asset
• environmental capital
• environmental income
• hunting

Acknowledgments

We thank Ana Torres, Jose Manuel Seoane Rodríguez, Bruno Mesa, Pedro Fernández-Llario, Mario Soliño, Paola Ovando, Jose Luis Oviedo, Alejandro Caparrós, Begoña A. Farizo, Nuria Ruiz, Eloy Almazán, Rafael Cadenas, Paulino Fandos, Luis Guzmán, and Isabel Martín for their collaboration. We also thank anonymous reviewers for improving this article. The valuable help received from these individuals and institutions notwithstanding, we are solely responsible for any shortcomings or errors.

Additional information

Funding

This study is framed within the RECAMAN-Project (Contract NET165602), funded by the Andalusia Regional Government and the Agency for Water and Environment in Andalusia.