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The Economics of Species Conservation

Author

Listed:
  • Amy W. Ando

    (Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, Urbana, Illinois 61801, USA)

  • Christian Langpap

    (Department of Applied Economics, Oregon State University, Corvallis, Oregon 97331, USA)

Abstract

A quarter of all species around the globe are threatened with extinction; this article reviews research in economics on how best to counter those threats. Normative research has developed useful tools for cost-effectively choosing areas of habitat to protect. Such work has also designed working-lands contracts that can induce efficient quantities and patterns of conservation on private lands. Positive research finds evidence that payments for ecosystem service programs are effective, but legal protections for threatened species have a mixed record of success. Economists have also measured both the nonmarket benefits and the costs of species conservation. Emerging work is tackling the particular challenges to species conservation posed by climate change, the demand for exploiting charismatic megafauna, and global population growth. Future research would do well to build on those three areas and to study distributional issues in the benefits and costs of species conservation.

Suggested Citation

  • Amy W. Ando & Christian Langpap, 2018. "The Economics of Species Conservation," Annual Review of Resource Economics, Annual Reviews, vol. 10(1), pages 445-467, October.
    • Handle: RePEc:anr:reseco:v:10:y:2018:p:445-467
    DOI: 10.1146/annurev-resource-100517-022921
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    Citations

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    Cited by:

    1. Kolstoe, Sonja H. & Kline, Jeffrey D. & Lohr, Luanne, 2022. "Economic Approaches for Managing Migratory Bird Habitat Across Multi-Owner Landscapes," Western Economics Forum, Western Agricultural Economics Association, vol. 20(1), May.
    2. Carlier, Alexis & Treich, Nicolas, 2020. "Directly Valuing Animal Welfare in (Environmental) Economics," International Review of Environmental and Resource Economics, now publishers, vol. 14(1), pages 113-152, April.
    3. Heid, Benedikt & Márquez-Ramos, Laura, 2023. "International environmental agreements and imperfect enforcement: Evidence from CITES," Journal of Environmental Economics and Management, Elsevier, vol. 118(C).
    4. Nicolas Treich, 2022. "The Dasgupta Review and the Problem of Anthropocentrism," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(4), pages 973-997, December.
    5. Oliver Schöttker & Frank Wätzold, 2022. "Climate Change and the Cost-Effective Governance Mode for Biodiversity Conservation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 409-436, June.
    6. Venn, Tyron J., 2023. "Reconciling timber harvesting, biodiversity conservation and carbon sequestration in Queensland, Australia," Forest Policy and Economics, Elsevier, vol. 152(C).
    7. Ferris, Ann E. & Frank, Eyal G., 2021. "Labor market impacts of land protection: The Northern Spotted Owl," Journal of Environmental Economics and Management, Elsevier, vol. 109(C).
    8. Inayat Ullah & Dong-Young Kim, 2021. "Inclusive Governance and Biodiversity Conservation: Evidence from Sub-Saharan Africa," Sustainability, MDPI, vol. 13(7), pages 1-27, March.
    9. Adrian A. Lopes & Shady S. Atallah, 2020. "Worshipping the Tiger: Modeling Non-use Existence Values of Wildlife Spiritual Services," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(1), pages 69-90, May.
    10. Mitchell W. Serota & Kristin J. Barker & Laura C. Gigliotti & Samantha M. L. Maher & Avery L. Shawler & Gabriel R. Zuckerman & Wenjing Xu & Guadalupe Verta & Elizabeth Templin & Chelsea L. Andreozzi &, 2023. "Incorporating human dimensions is associated with better wildlife translocation outcomes," Nature Communications, Nature, vol. 14(1), pages 1-8, December.

    More about this item

    Keywords

    endangered species; climate change; charismatic megafauna; conservation site selection; impact evaluation; incentive design;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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