In this paper we analyze the exploitation of wildlife in a Third World context. In the model there are two agents: an agency managing a habitat area of fixed size and a group of peasants. The agency managing the habitat area has the legal right to exploit the wildlife, while the local people...

Without resorting to the folk theorem or to altruistic preferences, we demonstrate that the problem of overharvesting among individually rational harvesters in a local commons vanishes if the harvesters share, and voluntarily contribute to, some public good. Formulating the model as a two-stage...

During the last few decades wildlife trophy hunting has increasingly replaced traditional meat hunting. The economics of trophy hunting is analyzed with the Scandinavian moose (Alces alces) serving as an example. A four-stage model (calf, yearlings, adult female and adult male) is formulated....