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Valuation Of Wildlife: Revising Some Additional Considerations For Scope Tests

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  • ELENA OJEA
  • MARIA L. LOUREIRO

Abstract

"In this article, we build on previous valuation studies to contribute to the understanding of preferences toward conservation of endangered species elicited via willingness to pay. In particular, we assess the effect of the existence of biological substitutes of local endangered species. We also incorporate biological concepts such as the minimum viable population level into the valuation scenario. Furthermore, the role of ethical and environmental beliefs and their relationship with preferences toward conservation levels are explored. Results are discussed and contrasted with previous studies". ("JEL "Q2) Copyright (c) 2008 Western Economic Association International.

Suggested Citation

  • Elena Ojea & Maria L. Loureiro, 2009. "Valuation Of Wildlife: Revising Some Additional Considerations For Scope Tests," Contemporary Economic Policy, Western Economic Association International, vol. 27(2), pages 236-250, April.
  • Handle: RePEc:bla:coecpo:v:27:y:2009:i:2:p:236-250
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    Cited by:

    1. 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.
    2. Jacobsen, Jette Bredahl & Lundhede, Thomas Hedemark & Martinsen, Louise & Hasler, Berit & Thorsen, Bo Jellesmark, 2011. "Embedding effects in choice experiment valuations of environmental preservation projects," Ecological Economics, Elsevier, vol. 70(6), pages 1170-1177, April.
    3. Desvousges, William & Mathews, Kristy & Train, Kenneth, 2012. "Adequate responsiveness to scope in contingent valuation," Ecological Economics, Elsevier, vol. 84(C), pages 121-128.

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    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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