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Abstract
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.