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‘Adopt a Hypothetical Pup’: A Count Data Approach to the Valuation of Wildlife

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  • R. Martínez-Espiñeira

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Abstract

The willingness to pay (WTP) for a coyote conservation program is estimated using a novel payment-vehicle, based on how many ‚problem’ coyotes respondents would be willing to sponsor for a year. 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 an economic bad. Estimates of WTP per coyote per year around $18–$22 and annual WTP per contributor of about $46–$57 are obtained. Copyright Springer Science+Business Media, Inc. 2007

Suggested Citation

  • R. Martínez-Espiñeira, 2007. "‘Adopt a Hypothetical Pup’: A Count Data Approach to the Valuation of Wildlife," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(2), pages 335-360, June.
  • Handle: RePEc:kap:enreec:v:37:y:2007:i:2:p:335-360
    DOI: 10.1007/s10640-006-9051-x
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    Keywords

    contingent valuation; count data; coyotes; wildlife; willingness to pay; zero-inflated count data models; Q20; Q26;

    JEL classification:

    • 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

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