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Rationed Access and Welfare: The Case of Public Resource Lotteries

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  • David O. Scrogin
  • Robert P. Berrens
Abstract
Pressures on public lands and waterways are resulting increasingly in the rationing of public access by lottery. Upon accounting for the uncertainties of random rationing, discrete choice models lend themselves to analyzing participation in public resource lotteries and estimating welfare changes. Key to valuing lotteryrationed rights is accounting for changes in access probabilities that result from policy changes. The empirical application models the discrete choices of more than 18,000 participants in a New Mexico lottery system for elk harvest rights. Welfare estimates are obtained from simulated policy changes that affect, individually and jointly, the access probability and indirect utility.

Suggested Citation

  • David O. Scrogin & Robert P. Berrens, 2003. "Rationed Access and Welfare: The Case of Public Resource Lotteries," Land Economics, University of Wisconsin Press, vol. 79(2), pages 137-148.
    • Handle: RePEc:uwp:landec:v:79:y:2003:i:2:p:137-148
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    2. Condorelli, Daniele, 2013. "Market and non-market mechanisms for the optimal allocation of scarce resources," Games and Economic Behavior, Elsevier, vol. 82(C), pages 582-591.
    3. Yoder, Jonathan K. & Ohler, Adrienne M. & Chouinard, Hayley H., 2014. "What floats your boat? Preference revelation from lotteries over complex goods," Journal of Environmental Economics and Management, Elsevier, vol. 67(3), pages 412-430.
    4. Sebastián D. Bauer, 2023. "Buyers’ welfare maximizing auction design," International Journal of Game Theory, Springer;Game Theory Society, vol. 52(2), pages 555-567, June.
    5. Roberts, David C. & Boyer, Tracy A. & Lusk, Jayson L., 2008. "Preferences for environmental quality under uncertainty," Ecological Economics, Elsevier, vol. 66(4), pages 584-593, July.
    6. Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761, Elsevier.
    7. Nguyen, To N. & Shaw, W. Douglass & Woodward, Richard T. & Paterson, Robert & Boyle, Kevin, 2007. "An empirical study of option prices for hunting permits," Ecological Economics, Elsevier, vol. 63(2-3), pages 476-484, August.

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    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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