Economic Research Institute Study paper
Utah State University
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Most current efforts in applying valuation methods to wildlife-related recreation have focused upon variables which are inappropriate to the majority of management decisions. Managers generally are concerned with increasing the stock of wildlife through habitat manipulation: The economic criteria for these decisions should be the value of a change in the stock of the wildlife population. An estimate of such a value was made for the Oak Creek deer herd in Utah, using a household production function approach in an optimal control framework. The value of an additional deer in the herd was estimated to be about $40.OO.
Keith, John E. and Lyon, Kenneth S., "Valuing Wildlife Management: A Utah Deer Herd" (1985). Economic Research Institute Study Papers. Paper 420.