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The Net Benefit of Saving the Asian Elephant: A Policy and Contingent Valuation Study

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  • Bandara, Ranjith
  • Tisdell, Clement A.

Abstract

Reports results from a contingent valuation survey of willingness to pay for the conservation of the Asian elephant of a sample of urban residents living in three selected housing schemes in Colombo, the capital of Sri Lanka. Face–to–face surveys were conducted using an interview schedule. A non-linear logit regression model is used to analyse the respondents’ responses for the payment principle questions and to identify the factors that influence their responses. We investigate whether urban residents’ willingness to pay for the conservation of elephants is sufficient to compensate farmers for the damage caused by elephants. We find that the beneficiaries (the urban residents) could compensate losers (the farmers in the areas affected by human–elephant conflict) and be better off than in the absence of elephants in Sri Lanka. Therefore, there is a strong economic case for the conservation of the wild elephant population in Sri Lanka. However, we have insufficient data to determine the optimal level of this elephant population in the Kaldor-Hicks sense. Nevertheless, the current population of elephant in Sri Lanka is Kaldor-Hicks preferable to having none.

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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 48968.

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Date of creation: Oct 2003
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Handle: RePEc:ags:uqseee:48968

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Keywords: Asian elephant; Elephas maximus; Elephant conservation; Willingness to pay; Contingent valuation; Sri Lanka.; Environmental Economics and Policy; Farm Management;

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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., 2011. "Economics of Controlling Vertebrate Wildlife: the Pest-Asset Dichotomy and Environmental Conflict," Economics, Ecology and Environment Working Papers 122727, University of Queensland, School of Economics.
  3. Tuan, Tran Hu & Lindhjem, Henrik, 2008. "Meta-analysis of nature conservation values in Asia & Oceania: Data heterogeneity and benefit transfer issues," MPRA Paper 11470, 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. 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.
  6. 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.
  7. Jin, Jianjun & Indab, Anabeth & Nabangchang, Orapan & Thuy, Truong Dang & Harder, Dieldre & Subade, Rodelio F., 2010. "Valuing marine turtle conservation: A cross-country study in Asian cities," Ecological Economics, Elsevier, vol. 69(10), pages 2020-2026, August.
  8. Lili Reyes Hernandez & Melissa Yepes Tafur, 2013. "Evaluacion economica de preservar el mono titi cabeciblanco: Una aplicacion del metodo de valoracion contigente," REVISTA ECONOMÍA & REGIÓN, UNIVERSIDAD TECNOLÓGICA DE BOLÍVAR.
  9. Meyerhoff, Jürgen & Liebe, Ulf, 2010. "Determinants of protest responses in environmental valuation: A meta-study," Ecological Economics, Elsevier, vol. 70(2), pages 366-374, December.
  10. Jin, Jianjun & Wang, Zhishi & Liu, Xuemin, 2008. "Valuing black-faced spoonbill conservation in Macao: A policy and contingent valuation study," Ecological Economics, Elsevier, vol. 68(1-2), pages 328-335, December.
  11. Tisdell, Clement A., 2003. "Economic Incentives to Conserve Wildlife on Private lands: Analysis and Policy," Economics, Ecology and Environment Working Papers 48973, University of Queensland, School of Economics.
  12. Bostedt, Göran & Grahn, Pontus, 2008. "Estimating cost functions for the four large carnivores in Sweden," Ecological Economics, Elsevier, vol. 68(1-2), pages 517-524, December.
  13. Jacobsen, Jette Bredahl & Lundhede, Thomas Hedemark & Thorsen, Bo Jellesmark, 2013. "The effects of current income and expected change in future income on stated preferences for environmental improvements," Journal of Forest Economics, Elsevier, vol. 19(2), pages 206-219.
  14. 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.
  15. Dolisca, Frito & McDaniel, Joshua M. & Teeter, Lawrence D. & Jolly, Curtis M., 2007. "Land tenure, population pressure, and deforestation in Haiti: The case of Forêt des Pins Reserve," Journal of Forest Economics, Elsevier, vol. 13(4), pages 277-289, November.
  16. Mailu, Stephen & Kuloba, Bernard & Ruto, Eric & Nyangena, Wilfred, 2010. "Effect of cropping policy on landowner reactions towards wildlife: a case of Naivasha area, Kenya," MPRA Paper 21308, University Library of Munich, Germany.
  17. Anabeth L Indab, 2007. "Willingness to Pay for Whale Shark Conservation in Sorsogon, Philippines," EEPSEA Special and Technical Paper tp200711t2, Economy and Environment Program for Southeast Asia (EEPSEA), revised Nov 2007.
  18. 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.

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