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

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Author Info
Bandara, Ranjith
Tisdell, Clem

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

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Tisdell, Clement A., 1997. "Compensation for the taking of Resource Interests: Practices in Relation to the Wet Tropics and Fraser Island, General Principles and their Relevance to the Extension of Dugong Protected Areas," Economics, Ecology and Environment Working Papers 53639, University of Queensland, School of Economics. [Downloadable!]
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  1. 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. [Downloadable!]
  2. 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. [Downloadable!]
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