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The Value of Backyard Biodiversity in New Zealand

Author

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  • Parminter, Terry G.
  • Kaval, Pamela
  • Yao, Richard T.
  • Scrimgeour, Frank G.

Abstract

New Zealand's biodiversity consists of over 80,000 types of native plants, animals and fungi, a considerable number of which are indigenous and located on private property. To preserve and enhance native biodiversity and discourage activities that may deplete it, economic values can be calculated which can, in turn, guide the use of policy tools, such as incentives, that can be used. This can support behavioural changes by encouraging individual self-interest to coincide with social interest. In this project, we used the contingent valuation, choice modelling and well-being approaches to estimate native biodiversity values for Wellington residents. In this paper, we present a summary of our initial results.

Suggested Citation

  • Parminter, Terry G. & Kaval, Pamela & Yao, Richard T. & Scrimgeour, Frank G., 2007. "The Value of Backyard Biodiversity in New Zealand," 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand 10428, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare07:10428
    DOI: 10.22004/ag.econ.10428
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    Cited by:

    1. Abbie A. Rogers & Fiona L. Dempster & Jacob I. Hawkins & Robert J. Johnston & Peter C. Boxall & John Rolfe & Marit E. Kragt & Michael P. Burton & David J. Pannell, 2019. "Valuing non-market economic impacts from natural hazards," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 99(2), pages 1131-1161, November.

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    Resource /Energy Economics and Policy;

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