A Hedonic Pricing Model for Hunting in Denmark

This paper examines attributes that influence the price on hunting leases in Denmark. Landowners have the right to hunt on their land and the possibility to lease out this hunting right. The lease of hunting rights contributes to the landowners’ income and in order to optimize total income it is essential to understand hunters’ preferences for leasing an area for hunting. The analysis utilizes detailed information obtained from 751 hunting contract leaseholders. The hedonic pricing method was used to find significant determinants that influence the market value of a hunting lease. Among other things we find positive influence from the bag rate of deer on the lease price, it is however relatively small. Furthermore, leasing out to consortiums rather than individuals seems to push the price upwards. Not surprisingly we find a significant reduction on the hunting price when the lease is between relatives.