IDEAS home Printed from
   My bibliography  Save this article

Economic benefits of biodiversity conservation (case study of the Bulgarian Danube Islands)


  • Alexy Danchev


Basic components of values of biodiversity are analyzed. The methods of estimation of various benefits of biodiversity conservation are exposed with an emphasis on the contingent valuation methods. On the basis of the prepared by the author questionnaire various Willingness-To-Pay (WTP) values are estimated for the non-use value benefits. Various estimations of the basic components of the value of biodiversity are commented based on case study of the Bulgarian Danube islands. The results demonstrate relatively high WTP in favor of restoration of natural forests on the Danube islands, which is expected to pull the development of tourism and recreation, commercial and non-commercial fishing and hunting. It is expected that the growth of revenues from activities stimulated by biodiversity conservation as tourism, recreation, etc. will compensate the reduction of revenues from the reduced logging of timber from the poplar plantations.

Suggested Citation

  • Alexy Danchev, 2002. "Economic benefits of biodiversity conservation (case study of the Bulgarian Danube Islands)," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 41-66.
  • Handle: RePEc:bas:econth:y:2002:i:4:p:41-66

    Download full text from publisher

    File URL:
    Download Restriction: Fee access

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    1. P.M.S. Jones, 1994. "The Value of Diversity," Energy & Environment, , vol. 5(3), pages 215-225, September.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    3. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132-132.
    4. Jon M. Conrad, 1980. "Quasi-Option Value and the Expected Value of Information," The Quarterly Journal of Economics, Oxford University Press, vol. 94(4), pages 813-820.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econth:y:2002:i:4:p:41-66. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diana Dimitrova). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.