Journal of Forest Economics > Vol 21 > Issue 2

A hedonic analysis of the complex hunting experience

Thomas Hedemark Lundhede, , Jette Bredahl Jacobsen, , Bo Jellesmark Thorsen,
Suggested Citation
Thomas Hedemark Lundhede, Jette Bredahl Jacobsen and Bo Jellesmark Thorsen (2015), "A hedonic analysis of the complex hunting experience", Journal of Forest Economics: Vol. 21: No. 2, pp 51-66.

Publication Date: 0/4/2015
© 0 2015 Thomas Hedemark Lundhede, Jette Bredahl Jacobsen, Bo Jellesmark Thorsen
JEL Codes:Q260
Social aspects of huntingImplicit pricesRecreationNatural resource managementWildlifeGame


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In this article:
Previous studies 
The case: hunting leases in Denmark 
Theory and methods 
Concluding remarks 


In Denmark, the right to hunt is vested with the land owner but can be transferred to others and is traded on a well-established market. The dominant form of hunting leases is time limited contract transferring the hunting rights on a piece of land to one or more persons. We analyze this market for hunting leases using the hedonic method on a rich set of data obtained from Danish hunters. We hypothesize and show that the price of a hunting lease reflects that hunting is a composite experience; and also reflects aspects relating to the landowners cost of leasing out hunting. Thus, the value of a lease is determined by the location and size of the hunting area, the game harvest and hunting activity itself, several landscape qualities affecting the recreational nature experience, several social aspects of hunting and the relation between the landowner, the hunters and their activities. The results can be used to make informed management and policy decisions that affect wildlife, hunters, landowners and land uses.