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Willingness to pay for different degrees of Abundance of Elephants

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  • Bandara, Ranjith
  • Tisdell, Clement A.

Abstract

This paper presents an application of the contingent valuation method (CVM) to determine how the willingness to pay (WTP) for conservation of Asian elephants varies with hypothetical variations in their population. Results from a CVM survey of a sample of urban residents in Colombo, the capital of Sri Lanka are used for this purpose. We find, consistent with the basic principles of consumer demand theory, the marginal change in the respondents’ WTP amounts is positive but appears to diminish in parallel to the increases in the current wild elephant population (CWEP). In contrast to theoretical expectations, however, we find that the WTP for preserving this species increases at an increasing rate in relation to decreases in the CWEP. This is probably because respondents perceive that extinction becomes more imminent as the abundance of the elephant is reduced and therefore it becomes more urgent to act. However, this adds a new complication to the interpretation of the WTP findings.

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Bibliographic Info

Paper provided by University of Queensland, School of Economics in its series Economics, Ecology and Environment Working Papers with number 48966.

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Date of creation: Sep 2003
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Handle: RePEc:ags:uqseee:48966

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Related research

Keywords: Asian elephant; contingent valuation; Elephant conservation; Sri Lanka; total economic value; willingness to pay; Environmental Economics and Policy;

References

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  1. Hadker, Nandini & Sharma, Sudhir & David, Ashish & Muraleedharan, T. R., 1997. "Willingness-to-pay for Borivli National Park: evidence from a Contingent Valuation," Ecological Economics, Elsevier, vol. 21(2), pages 105-122, May.
  2. Ando, Amy, 1999. "Economies of Scope in Endangered-Species Protection: Evidence from Interest-Group Behavior," Discussion Papers dp-97-44-rev, Resources For the Future.
  3. Carson, Richard T & Flores, Nicholas A, 2000. "Contingent Valuation: Controversies and Evidence," University of California at San Diego, Economics Working Paper Series qt75k752s7, Department of Economics, UC San Diego.
  4. Irmi Seidl & Clem Tisdell, 2001. "Neglected Features of the Safe Minimum Standard: Socio-economic and Institutional Dimensions," Review of Social Economy, Taylor & Francis Journals, vol. 59(4), pages 417-442.
  5. Kanninen Barbara J., 1995. "Bias in Discrete Response Contingent Valuation," Journal of Environmental Economics and Management, Elsevier, vol. 28(1), pages 114-125, January.
  6. Bandara, Ranjith & Tisdell, Clement A., 2003. "Use and non-use values of wild Asian elephants: A total economic valuation approach," Economics, Ecology and Environment Working Papers 48961, University of Queensland, School of Economics.
  7. Champ, Patricia A. & Bishop, Richard C. & Brown, Thomas C. & McCollum, Daniel W., 1997. "Using Donation Mechanisms to Value Nonuse Benefits from Public Goods," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 151-162, June.
  8. Wang, H. Holly & Young, Douglas L. & Camara, Oumou M., 2000. "The Role Of Environmental Education In Predicting Adoption Of Wind Erosion Control Practices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(02), December.
  9. Wang, H. Holly & Young, Douglas L. & Camara, Oumou M., 2000. "The Role Of Environmental Education In Predicting Adoption Of Wind Erosion Control Practices," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36376, Western Agricultural Economics Association.
  10. Tisdell, Clement A. & Bandara, Ranjith, 2003. "Wildlife-based recreation and local economic development: The case of the Pinnawala Elephant Orphanage in Sri Lanka," Economics, Ecology and Environment Working Papers 48965, University of Queensland, School of Economics.
  11. Chilton, Susan M. & Hutchinson, W. George, 1999. "Some Further Implications of Incorporating the Warm Glow of Giving into Welfare Measures: A Comment on the Use of Donation Mechanisms by Champet al," Journal of Environmental Economics and Management, Elsevier, vol. 37(2), pages 202-209, March.
  12. Alexander, Robert R., 2000. "Modelling species extinction: the case for non-consumptive values," Ecological Economics, Elsevier, vol. 35(2), pages 259-269, November.
  13. Kotchen, Matthew J. & Reiling, Stephen D., 2000. "Environmental attitudes, motivations, and contingent valuation of nonuse values: a case study involving endangered species," Ecological Economics, Elsevier, vol. 32(1), pages 93-107, January.
  14. Bulte, Erwin & Cornelis van Kooten, G., 2002. "Downward sloping demand for environmental amenities and international compensation: elephant conservation and strategic culling," Agricultural Economics, Blackwell, vol. 27(1), pages 15-22, May.
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Citations

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Cited by:
  1. Tisdell, Clement A. & Bandara, Ranjith, 2004. "Tourism as a contributor to development in Sri Lanka: An overview and a case study," Economics, Ecology and Environment Working Papers 48975, University of Queensland, School of Economics.
  2. Tisdell, Clement A., 2003. "Influences of Knowledge of Wildlife Species on Patterns of Willingness to pay for their Conservation," Economics, Ecology and Environment Working Papers 48972, University of Queensland, School of Economics.
  3. Tisdell, Clement A., 2003. "Notes on Market Failure and the Paretian (Kaldor-Hicks) Relevance and Irrelevance of Unfavourable Externalities," Economics, Ecology and Environment Working Papers 48970, University of Queensland, School of Economics.

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