The Worth of a Possum: Valuing Species with the Contingent Valuation Method
AbstractThe focus of this paper is on methods of assessing the value peopleplace on the conservation of species for use in policy making. Of principalinterest is the relatively new methodology of contingent valuation, whichis a method for asking people directly about their preferences. The paperpresents an application of the contingent valuation method to theconservation of an endangered species in the State of Victoria, Australia.The results emphasise the importance of careful survey design,implementation and analysis as well as the precise definition of theenvironmental good being valued. Consequently, the contingent valuationmethod does provide information relevant to decision making processesbased on monetary economic considerations. Thus, in orthodox economicterms it makes sense to conserve species – but there are other moral andethical grounds for conserving species as well. Copyright Kluwer Academic Publishers 2001
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.
Volume (Year): 19 (2001)
Issue (Month): 3 (July)
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100263
biodiversity; individual preferences; policy making; species conservation;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John B. Loomis, 1987. "Expanding Contingent Value Sample Estimates to Aggregate Benefit Estimates: Current Practices and Proposed Solutions," Land Economics, University of Wisconsin Press, vol. 63(4), pages 396-402.
- Thomas H. Stevens & Jaime Echeverria & Ronald J. Glass & Tim Hager & Thomas A. More, 1991. "Measuring the Existence Value of Wildlife: What Do CVM Estimates Really Show?," Land Economics, University of Wisconsin Press, vol. 67(4), pages 390-400.
- Bateman, Ian J. & Langford, Ian H. & Turner, R. Kerry & Willis, Ken G. & Garrod, Guy D., 1995.
"Elicitation and truncation effects in contingent valuation studies,"
Elsevier, vol. 12(2), pages 161-179, February.
- Langford, Ian H. & Bateman, Ian J., 1996. "Elicitation and truncation effects in contingent valuation studies," Ecological Economics, Elsevier, vol. 19(3), pages 265-267, December.
- Carson, Richard T. & Hanemann, W. Michael, 2006. "Contingent Valuation," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 17, pages 821-936 Elsevier.
- Bengt Kristrom, 1990. "A Non-Parametric Approach to the Estimation of Welfare Measures in Discrete Response Valuation Studies," Land Economics, University of Wisconsin Press, vol. 66(2), pages 135-139.
- Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January.
- Daniel A. Haqen & James W. Vincent & Patrick G. Welle, 1992. "Benefits Of Preserving Old-Growth Forests And The Spotted Owl," Contemporary Economic Policy, Western Economic Association International, vol. 10(2), pages 13-26, 04.
- Loomis, John B. & Larson, Douglas M., 1994. "Total Economic Values of Increasing Gray Whale Populations: Results from a Contingent Valuation Survey of Visitors and Households," Marine Resource Economics, Marine Resources Foundation, vol. 9(3).
- W. Michael Hanemann, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall.
- Tisdell, Clem, 1990. "Economics and the debate about preservation of species, crop varieties and genetic diversity," Ecological Economics, Elsevier, vol. 2(1), pages 77-90, April.
- Polasky Stephen & Solow Andrew R., 1995. "On the Value of a Collection of Species," Journal of Environmental Economics and Management, Elsevier, vol. 29(3), pages 298-303, November.
- Carson Richard T. & Mitchell Robert Cameron, 1995. "Sequencing and Nesting in Contingent Valuation Surveys," Journal of Environmental Economics and Management, Elsevier, vol. 28(2), pages 155-173, March.
- Swanson, Timothy M, 1994. "The Economics of Extinction Revisited and Revised: A Generalised Framework for the Analysis of the Problems of Endangered Species and Biodiversity Losses," Oxford Economic Papers, Oxford University Press, vol. 46(0), pages 800-821, Supplemen.
- Whitehead, John C., 1993. "Total Economic Values for Coastal and Marine Wildlife: Specification, Validity and Valuation Issues," Marine Resource Economics, Marine Resources Foundation, vol. 8(2).
- Spring, Daniel A. & Kennedy, John O.S., 2005. "Existence value and optimal timber-wildlife management in a flammable multistand forest," Ecological Economics, Elsevier, vol. 55(3), pages 365-379, November.
- Loureiro, Maria L. & Ojea, Elena, 2008. "Valuing local endangered species: The role of intra-species substitutes," Ecological Economics, Elsevier, vol. 68(1-2), pages 362-369, December.
- Caracciolo, Francesco & Gotor, Elisabetta & Holloway, Garth J. & Watts, Jamie, 2008. "The Origin, Development And Structure Of Demand For Plant Genetic Resources. The Impact Of The In Trust Agreements To The CGIAR Collections Availability," 82nd Annual Conference, March 31 - April 2, 2008, Royal Agricultural College, Cirencester, UK 36773, Agricultural Economics Society.
- Jette Jacobsen & Nick Hanley, 2009.
"Are There Income Effects on Global Willingness to Pay for Biodiversity Conservation?,"
Environmental & Resource Economics,
European Association of Environmental and Resource Economists, vol. 43(2), pages 137-160, June.
- Hanley, Nicholas & Jacobsen, Jette Bredahl, 2008. "Are there income effects on global willingness to pay for biodiversity conservation?," Stirling Economics Discussion Papers 2008-03, University of Stirling, Division of Economics.
- Cunha-e-Sa, Maria Antonieta & Madureira, Livia & Nunes, Luis Catela & Otrachshenko, Vladimir, 2010. "Protesting or Justifying? A Latent Class Model for Contingent Valuation with Attitudinal Data," FEUNL Working Paper Series wp547, Universidade Nova de Lisboa, Faculdade de Economia.
- Maria A. Cunha-e-Sá & Luis C. Nunes & Vladimir Otrachshenko, 2012. "Protest Attitudes and Stated Preferences: Evidence on Scale Usage Heterogeneity," FEUNL Working Paper Series wp569, Universidade Nova de Lisboa, Faculdade de Economia.
- Stithou, Mavra, 2009. "Respondent Certainty and Payment Vehicle Effect in Contingent Valuation: an Empirical Study for the Conservation of Two Endangered Species in Zakynthos Island, Greece," Stirling Economics Discussion Papers 2009-21, University of Stirling, Division of Economics.
- Tuan, Tran Hu & Lindhjem, Henrik, 2008.
"Meta-analysis of nature conservation values in Asia & Oceania: Data heterogeneity and benefit transfer issues,"
11470, University Library of Munich, Germany.
- Tran Huu Tuan & Henrik Lindhjem, 2008. "Meta-analysis of nature conservation values in Asia & Oceania: Data heterogeneity and benefit transfer issues," EEPSEA Research Report rr2008072, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jul 2008.
- Ojea, Elena & Loureiro, Maria L., 2011. "Identifying the scope effect on a meta-analysis of biodiversity valuation studies," Resource and Energy Economics, Elsevier, vol. 33(3), pages 706-724, September.
- Roberto Martinez Espineira, 2004.
"A Box-Cox double-hurdle model of wildlife valuation: the citizen’s perspective,"
- Martinez-Espineira, Roberto, 2006. "A Box-Cox Double-Hurdle model of wildlife valuation: The citizen's perspective," Ecological Economics, Elsevier, vol. 58(1), pages 192-208, June.
- Nir Becker & Yael Choresh & Ofer Bahat & Moshe Inbar, 2010. "Cost benefit analysis of conservation efforts to preserve an endangered species: The Griffon Vulture (Gyps fulvus) in Israel," Journal of Bioeconomics, Springer, vol. 12(1), pages 55-70, April.
- Jette Jacobsen & John Boiesen & Bo Thorsen & Niels Strange, 2008. "What’s in a name? The use of quantitative measures versus ‘Iconised’ species when valuing biodiversity," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(3), pages 247-263, March.
- del Saz Salazar, Salvador & Hernandez Sancho, Francesc & Sala Garrido, Ramon, 2009. "EstimaciÃ³n del valor econÃ³mico de la calidad del agua de un rÃo mediante una doble aproximaciÃ³n: una aplicaciÃ³n de los principios econÃ³micos de la Directiva Marco del Agua," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 9(1).
- R. Martínez-Espiñeira, 2007.
"‘Adopt a Hypothetical Pup’: A Count Data Approach to the Valuation of Wildlife,"
Environmental & Resource Economics,
European Association of Environmental and Resource Economists, vol. 37(2), pages 335-360, June.
- Roberto Martinez-Espineira, 2004. "Adopt a hypothetical pup: A count data approach to the valuation of wildlife," Others 0410006, EconWPA.
- Roberto Martinez-Espineira, 2004. "Adopt a hypothetical pup’: A count data approach to the valuation of wildlife," Others 0410001, EconWPA.
- Bruce, Christopher, 2006. "Modeling the environmental collaboration process: A deductive approach," Ecological Economics, Elsevier, vol. 59(3), pages 275-286, September.
- Jacobsen, Jette Bredahl & Thorsen, Bo Jellesmark, 2010. "Preferences for site and environmental functions when selecting forthcoming national parks," Ecological Economics, Elsevier, vol. 69(7), pages 1532-1544, May.
- Christopher Bruce, 2012. "The Use of Collaborative Bargaining in Agricultural Policy-Making," Working Papers 2012-04, Department of Economics, University of Calgary.
- van der Heide, C. Martijn & van den Bergh, Jeroen C.J.M. & van Ierland, Ekko C. & Nunes, Paulo A.L.D., 2008. "Economic valuation of habitat defragmentation: A study of the Veluwe, the Netherlands," Ecological Economics, Elsevier, vol. 67(2), pages 205-216, September.
- Schlapfer, Felix, 2006. "Survey protocol and income effects in the contingent valuation of public goods: A meta-analysis," Ecological Economics, Elsevier, vol. 57(3), pages 415-429, May.
- Meyerhoff, Jurgen & Liebe, Ulf, 2006. "Protest beliefs in contingent valuation: Explaining their motivation," Ecological Economics, Elsevier, vol. 57(4), pages 583-594, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.