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The Recreational Value of Rare Species: Causal Evidence from the Cassia Crossbill

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  • Arthur R. Wardle

Abstract

Valuation of rare species is a critical input to both benefit/cost analysis and post hoc valuation of environmental damages. This research makes use of a taxonomic species split as a natural experiment to study how visitation to affected forests shifted with the newfound presence of a unique, rare species and develops a novel method for mapping these causally identified visitation changes to a piecewise linear demand curve and consumer surplus estimates. Results indicate that visits to see the new species are highly valued by a small but intensely interested group of birders. I compare the new method to traditional discrete choice approaches, highlighting trade-offs and noting opportunities for future research.

Suggested Citation

  • Arthur R. Wardle, 2025. "The Recreational Value of Rare Species: Causal Evidence from the Cassia Crossbill," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 12(5), pages 1133-1164.
    • Handle: RePEc:ucp:jaerec:doi:10.1086/733759
    DOI: 10.1086/733759
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