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The Willingness to Pay for Property Rights for the Giant Panda: Can a Charismatic Species Be an Instrument for Nature Conservation?

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  • Andreas Kontoleon
  • Timothy Swanson

Abstract

This paper presents the results from a contingent valuation (CV) that elicited willingness to pay (WTP) of OECD citizens, for the conservation of the Giant Panda. The study investigates the extent to which such a charismatic or flagship species can be used to promote wider biodiversity conservation. There exists an internally consistent WTP for the purchase of property rights of the habitat required for the conservation of the panda. This WTP is shown to consist largely of the value placed on the ‘‘naturalness’’ of the species, implying that the symbolic nature of the panda might be a potential in

Suggested Citation

  • Andreas Kontoleon & Timothy Swanson, 2003. "The Willingness to Pay for Property Rights for the Giant Panda: Can a Charismatic Species Be an Instrument for Nature Conservation?," Land Economics, University of Wisconsin Press, vol. 79(4), pages 483-499.
  • Handle: RePEc:uwp:landec:v:79:y:2003:i:4:p:483-499
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    References listed on IDEAS

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    1. McConnell, K. E., 1997. "Does Altruism Undermine Existence Value?," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 22-37, January.
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    1. repec:kap:enreec:v:67:y:2017:i:1:d:10.1007_s10640-015-9979-9 is not listed on IDEAS
    2. Kontogianni, A. & Tourkolias, C. & Machleras, A. & Skourtos, M., 2012. "Service providing units, existence values and the valuation of endangered species: A methodological test," Ecological Economics, Elsevier, vol. 79(C), pages 97-104.
    3. van Kooten, G. Cornelis, 2006. "Protecting the African Elephant: A Dynamic Bioeconomic Model of Ivory Trade," 2006 Annual meeting, July 23-26, Long Beach, CA 21206, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Lee, Deborah E. & Du Preez, Mario, 2016. "Determining visitor preferences for rhinoceros conservation management at private, ecotourism game reserves in the Eastern Cape Province, South Africa: A choice modeling experiment," Ecological Economics, Elsevier, vol. 130(C), pages 106-116.
    5. Brander, Luke M. & Van Beukering, Pieter & Cesar, Herman S.J., 2007. "The recreational value of coral reefs: A meta-analysis," Ecological Economics, Elsevier, vol. 63(1), pages 209-218, June.
    6. Tran Huu Tuan & Henrik Lindhjem, 2008. "Meta-analysis of nature conservation values in Asia & Oceania: Data heterogeneity and benefit transfer issues," EEPSEA Research Report rr2008072, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jul 2008.
    7. Sukanya Das & S. Bala Ravi & Prabhakaran T. Raghu, 2015. "Assessing Farmer's Willingness to Participate in the On-farm Conservation of Minor Millet using Direct Compensation Payment," Working Papers id:7733, eSocialSciences.
    8. Aline Chiabai & Chiara Travisi & Anil Markandya & Helen Ding & Paulo Nunes, 2010. "Economic Assessment of Forest Ecosystem Services Losses: Cost of Policy Inaction," Working Papers 2010-13, BC3.
    9. Ekin Birol & Phoebe Koundouri & Yiannis Kountouris, "undated". "Using the contingent valuation method to inform sustainable wetland management: the case of the Akrotiri wetland in Cyprus," DEOS Working Papers 0701, Athens University of Economics and Business.
    10. Kontogianni, Areti & Luck, Gary W. & Skourtos, Michalis, 2010. "Valuing ecosystem services on the basis of service-providing units: A potential approach to address the 'endpoint problem' and improve stated preference methods," Ecological Economics, Elsevier, vol. 69(7), pages 1479-1487, May.
    11. Kitani, Shinobu & Hasebe, Tadashi & Nomura, Noriaki & Moore, Richard, 2005. "Effects of Image Formation of Rural Lifescape on Consciousness and Willingness to Protect Rural Farming Villages," Japanese Journal of Rural Economics, Agricultural Economics Society of Japan (AESJ), vol. 7.
    12. Devi, P. Indira & Shanmugam, K.R. & Jayasree, M.G., 2012. "Compensating Wages for Occupational Risks of Farm Workers in India," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 67(2).
    13. Aline Chiabai & Chiara Travisi & Anil Markandya & Helen Ding & Paulo Nunes, 2011. "Economic Assessment of Forest Ecosystem Services Losses: Cost of Policy Inaction," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, pages 405-445.
    14. repec:eee:touman:v:60:y:2017:i:c:p:130-139 is not listed on IDEAS
    15. Prabhakaran T. Raghu & Sukanya Das & S. Bala Ravi & E.D.Israel Oliver King, 2012. "Assessing Farmer’s Willingness to Participate in the On-farm Conservation of Minor Millet using Direct Compensation Payment," Working Papers 2012-073, Madras School of Economics,Chennai,India.
    16. 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.
    17. Nir Becker & Yael Choresh & Ofer Bahat & Moshe Inbar, 2010. "Cost benefit analysis of conservation efforts to preserve an endangered species: The Griffon Vulture (Gyps fulvus) in Israel," Journal of Bioeconomics, Springer, pages 55-70.
    18. Munro, Alistair, 2007. "When is some number really better than no number? On the optimal choice between non-market valuation methods," MPRA Paper 8978, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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