VALUING CHARACTERISTICS OF TRANSFERABLE DEER HUNTING PERMITS IN KANSAS

Abstract

The novel use of transferable deer hunting permits in Kansas has altered property rights to a traditionally government rationed good, providing the institutional framework and incentives for competitive market activity. This paper investigates how attributes of the permit itself, spatial determinants, and the socioeconomic characteristics of the consumer-hunter influence market price. Findings provide valuable insight into factors that are important to Kansas interest groups, its economy, and to structuring transferable permits for wildlife programs.Resource /Energy Economics and Policy,