Adopt a hypothetical pup’: A count data approach to the valuation of wildlife
AbstractThe willingness to pay for a coyote conservation program is estimated using a novel payment-vehicle, based on how many oyotes respondents would be willing to sponsor. 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 a bad. Estimates of willingness to pay per coyote around $18-$20 and annual consumer surplus per respondent of about $35-$42 are obtained.
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Bibliographic InfoPaper provided by EconWPA in its series Others with number 0410001.
Length: 32 pages
Date of creation: 03 Oct 2004
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coyotes; wildlife; contingent valuation; count data; zero- inflation;
Other versions of this item:
- 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.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-10-18 (All new papers)
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