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A Contingent Valuation Estimate of the Benefits of Wolves in Minnesota

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  • Catherine Chambers
  • John Whitehead

Abstract

In this paper we estimate the willingness topay for a wolf management plan and a wolfdamage plan in Minnesota using the contingentvaluation method. The theoretical definition ofwillingness to pay for wolf protection iscomposed of use and non-use values. Weincorporate a don't know response option in thedichotomous choice valuation questions. A largenumber of respondents answered don't know. Themultinomial logit model is used todifferentiate between don't know and noresponses. Non-use motives are importantfactors that explain willingness to pay. We usethese benefit estimates in combination with twoalternative cost estimates to consider theefficiency of the wolf management and damageplans. Both plans have estimated benefitsgreater than costs. Copyright Kluwer Academic Publishers 2003

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  • Catherine Chambers & John Whitehead, 2003. "A Contingent Valuation Estimate of the Benefits of Wolves in Minnesota," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 26(2), pages 249-267, October.
    • Handle: RePEc:kap:enreec:v:26:y:2003:i:2:p:249-267
    DOI: 10.1023/A:1026356020521
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    1. More environmental economics journal rankings
      by John Whitehead in Environmental Economics on 2009-05-15 18:34:48

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    3. Xiaojiong Zhao & Jian Wang & Junde Su & Wei Sun & Haoxian Meng, 2021. "Research on a Biodiversity Conservation Value Assessment Method Based on Habitat Suitability of Species: A Case Study in Gansu Province, China," Sustainability, MDPI, vol. 13(6), pages 1-30, March.
    4. Lili Reyes Hernandez & Melissa Yepes Tafur, 2013. "Evaluación económica de preservar el Mono Tití Cabeciblanco: Una aplicación del método de valoración contingente," Revista Economía y Región, Universidad Tecnológica de Bolívar, vol. 7(1), pages 69-99, June.
    5. Kelvin Balcombe & Iain Fraser, 2009. "Dichotomous-choice contingent valuation with 'dont know' responses and misreporting," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(7), pages 1137-1152.
    6. Sims, Charles & Aadland, David & Finnoff, David & Hochard, Jacob, 2020. "What are the benefits of delisting endangered species and who receives them?: Lessons from the gray wolf recovery in Greater Yellowstone," Ecological Economics, Elsevier, vol. 174(C).
    7. Muhly, Tyler B. & Musiani, Marco, 2009. "Livestock depredation by wolves and the ranching economy in the Northwestern U.S," Ecological Economics, Elsevier, vol. 68(8-9), pages 2439-2450, June.
    8. Melstrom, Richard T., 2014. "Managing apparent competition between the feral pigs and native foxes of Santa Cruz Island," Ecological Economics, Elsevier, vol. 107(C), pages 157-162.
    9. M. Ben Goodwin & Jamal Mamkhezri & Fidel Gonzalez, 2023. "Working Together: Optimal Control of Wolf Management Across Multiple States," Computational Economics, Springer;Society for Computational Economics, vol. 62(4), pages 1751-1780, December.
    10. Richardson, Leslie & Loomis, John, 2009. "The total economic value of threatened, endangered and rare species: An updated meta-analysis," Ecological Economics, Elsevier, vol. 68(5), pages 1535-1548, March.
    11. Tafesse Estifanos & Maksym Polyakov & Ram Pandit & Atakelty Hailu & Michael Burton, 2021. "What are tourists willing to pay for securing the survival of a flagship species? The case of protection of the Ethiopian wolf," Tourism Economics, , vol. 27(1), pages 45-69, February.
    12. Broberg, Thomas & Brännlund, Runar, 2006. "The value of preserving the four large predators in Sweden: Regional differences considered," Umeå Economic Studies 671, Umeå University, Department of Economics.
    13. Estifanos, Tafesse & Polyakov, Maksym & Pandit, Ram & Hailu, Atakelty & Burton, Michael, 2018. "Protection of the Ethiopian Wolf: What are tourists willing to pay for?," Working Papers 272805, University of Western Australia, School of Agricultural and Resource Economics.
    14. Marc J. Epstein & Sally K. Widener, 2011. "Facilitating sustainable development decisions: measuring stakeholder reactions," Business Strategy and the Environment, Wiley Blackwell, vol. 20(2), pages 107-123, February.
    15. Jin Jianjun, 2008. "Economic Valuation of Black-faced Spoonbill Conservation in Macao," EEPSEA Special and Technical Paper tp200801t2, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jan 2008.
    16. 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.
    17. Göran Bostedt & Göran Ericsson & Jonas Kindberg, 2008. "Contingent values as implicit contracts: estimating minimum legal willingness to pay for conservation of large carnivores in Sweden," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 39(2), pages 189-198, February.
    18. 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.
    19. Jacobsen, Kim S. & Sandorf, Erlend Dancke & Loveridge, Andrew J. & Dickman, Amy J. & Johnson, Paul J. & Mourato, Susana & Contu, Davide & Macdonald, David W., 2022. "What is a lion worth to local people – Quantifying of the costs of living alongside a top predator," Ecological Economics, Elsevier, vol. 198(C).

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