Environmental Price of Game Animal Stocks |
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| Authors: | María Martínez-Jauregui A. Casimiro Herruzo Juan Carranza Jerónimo Torres-Porras Pablo Campos |
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| Affiliation: | 1. INIA-CIFOR, Ctra. A Coru?a, Madrid, Spain;2. Sustainable Forest Management Research Institute, University of Valladolid-INIA, Palencia, Spainmartinez.maria@inia.es;4. Department of Forestry Economics and Management, Technical University of Madrid (UPM), Madrid, Spain;5. Ungulate Research Unit, Cátedra de Recursos Cinegéticos y Piscícolas (CRCP), Universidad de Córdoba, Córdoba, Spain;6. Institute for Public Goods and Policies (IPP), Spanish National Research Council (CSIC), Madrid, Spain |
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| 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. |
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| Keywords: | Animal inventory valuation ecosystem accounting environmental asset environmental capital environmental income hunting |
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