Innovation, Incentives, and Posterity: Wildlife and the Entrepreneur

Abstract

"New institutions involving wildlife and habitat occupy an important place on the world's entrepreneurial frontier. Amenity demands for wildlife tend to increase disproportionally with income. Thus, there is potential for entrepreneurs to take advantage of the demand for high quality hunting experiences. This situation has already given rise to the development of ranches, farms, and commercial forests managed for the joint production of commodities and wildlife ranging from spring-creek trout to elk end deer. While this is encouraging news, such situations will occur only in isolated cases in the U.S. as long as ranchers shoulder the costs while rarely gaining any significant benefits for providing game habitat."