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The Willingness to Pay for Property Rights for the Giant Panda: Can a Charismatic Species Be an Instrument for Nature Conservation?

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  • Andreas Kontoleon
  • Timothy Swanson

Abstract

This paper presents the results from a contingent valuation (CV) that elicited willingness to pay (WTP) of OECD citizens, for the conservation of the Giant Panda. The study investigates the extent to which such a charismatic or flagship species can be used to promote wider biodiversity conservation. There exists an internally consistent WTP for the purchase of property rights of the habitat required for the conservation of the panda. This WTP is shown to consist largely of the value placed on the ‘‘naturalness’’ of the species, implying that the symbolic nature of the panda might be a potential in

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File URL: http://le.uwpress.org/cgi/reprint/79/4/483
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Bibliographic Info

Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 79 (2003)
Issue (Month): 4 ()
Pages: 483-499

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Handle: RePEc:uwp:landec:v:79:y:2003:i:4:p:483-499

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Web page: http://le.uwpress.org/

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Cited by:
  1. Birol, Ekin & Koundouri, Phoebe & Kountouris, Yiannis, 2007. "Using the contingent valuation method to inform sustainable wetland management: the case of the Akrotiri wetland in Cyprus," MPRA Paper 38430, University Library of Munich, Germany.
  2. 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.
  3. Munro, Alistair, 2007. "When is some number really better than no number? On the optimal choice between non-market valuation methods," MPRA Paper 8978, University Library of Munich, Germany.
  4. Kontogianni, Areti & Luck, Gary W. & Skourtos, Michalis, 2010. "Valuing ecosystem services on the basis of service-providing units: A potential approach to address the 'endpoint problem' and improve stated preference methods," Ecological Economics, Elsevier, vol. 69(7), pages 1479-1487, May.
  5. Tenkasi Raghu, Prabhakaran & Das, Sukanya & S, Bala Ravi & E.D.I, Oliver King, 2012. "Assessing Farmer’s Willingness to Participate in the On-farm Conservation of Minor Millet using Direct Compensation Payment," MPRA Paper 45079, University Library of Munich, Germany.
  6. Aline Chiabai & Chiara Travisi & Anil Markandya & Helen Ding & Paulo Nunes, 2011. "Economic Assessment of Forest Ecosystem Services Losses: Cost of Policy Inaction," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 50(3), pages 405-445, November.
  7. 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.
  8. van Kooten, G. Cornelis, 2006. "Protecting the African Elephant: A Dynamic Bioeconomic Model of Ivory Trade," 2006 Annual meeting, July 23-26, Long Beach, CA 21206, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  9. Brander, Luke M. & Van Beukering, Pieter & Cesar, Herman S.J., 2007. "The recreational value of coral reefs: A meta-analysis," Ecological Economics, Elsevier, vol. 63(1), pages 209-218, June.
  10. 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.

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