Open Access Open Access  Restricted Access Subscription or Fee Access

Managing Ecosystems in the Presence of Habitat Interactions and Market Imperfections in a Dynamic Setting

Timothy O. Randhir

Abstract



Managing local commons like wildlife ecosystems is becoming complex because of increasing pressure from anthropogenic uses and markets. The interaction between wildlife and their habitat poses interesting challenges for policy design in the presence of imperfect markets. Development of alternate institutional mechanisms to alter user behavior is required to manage these wildlife ecosystems. This paper uses a welfare analytical approach to develop alternative institutional solutions to manage wildlife ecosystems. The social and private problems are evaluated using a dynamic framework to identify deviation from optimal behavior for consumptive and recreational users of the wildlife ecosystems. Both habitat and wildlife stocks are considered in the
analysis. It was observed that overexploitation and anthropogenic disruptions could be accounted to lack of incentives to comply with social requirements. It was observed that a prolonged existence of private outcomes that are not corrected could lead to cumulative deterioration of wildlife and their habitat. Alternate mechanisms (transferable quotas, conservation subsidies, and cooperative methods) are discussed for providing appropriate incentives to wildlife conservation. Practical implications of these institutional mechanisms are evaluated for various resource conditions.

Full Text:

PDF


Disclaimer/Regarding indexing issue:

We have provided the online access of all issues and papers to the indexing agencies (as given on journal web site). It’s depend on indexing agencies when, how and what manner they can index or not. Hence, we like to inform that on the basis of earlier indexing, we can’t predict the today or future indexing policy of third party (i.e. indexing agencies) as they have right to discontinue any journal at any time without prior information to the journal. So, please neither sends any question nor expects any answer from us on the behalf of third party i.e. indexing agencies.Hence, we will not issue any certificate or letter for indexing issue. Our role is just to provide the online access to them. So we do properly this and one can visit indexing agencies website to get the authentic information. Also: DOI is paid service which provided by a third party. We never mentioned that we go for this for our any journal. However, journal have no objection if author go directly for this paid DOI service.