‘Adopt a Hypothetical Pup’: A Count Data Approach to the Valuation of Wildlife
AbstractThe willingness to pay (WTP) for a coyote conservation program is estimated using a novel payment-vehicle, based on how many ‚problem’ coyotes respondents would be willing to sponsor for a year. This hypothetical scenario mimics an increasingly popular type of actual market. Data from a phone survey conducted in Prince Edward Island are analyzed using count data models that consider different processes explaining zero responses and the level of positive responses. This is particularly important in the case of coyotes, often regarded as an economic bad. Estimates of WTP per coyote per year around $18–$22 and annual WTP per contributor of about $46–$57 are obtained. Copyright Springer Science+Business Media, Inc. 2007
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.
Volume (Year): 37 (2007)
Issue (Month): 2 (June)
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Web page: http://www.springerlink.com/link.asp?id=100263
contingent valuation; count data; coyotes; wildlife; willingness to pay; zero-inflated count data models; Q20; Q26;
Other versions of this item:
- Roberto Martinez-Espineira, 2004. "Adopt a hypothetical pup’: A count data approach to the valuation of wildlife," Others 0410001, EconWPA.
- Roberto Martinez-Espineira, 2004. "Adopt a hypothetical pup: A count data approach to the valuation of wildlife," Others 0410006, EconWPA.
- Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
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