Valuation of Wildlife: Revising Some Additional Considerations for Scope Tests

15 Pages Posted: 16 Jun 2009

See all articles by Elena Ojea

Elena Ojea

Basque Centre for Climate Change (BC3)

Maria L. Loureiro

Istituto Universitario de Estudos e Desenvolvemento de Galicia (IDEGA), Universidade de Santiago de Compostela

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)

Suggested Citation

Ojea, Elena and Loureiro, Maria L., Valuation of Wildlife: Revising Some Additional Considerations for Scope Tests. Contemporary Economic Policy, Vol. 27, Issue 2, pp. 236-250, April 2009. Available at SSRN: https://ssrn.com/abstract=1393540 or http://dx.doi.org/10.1111/j.1465-7287.2008.00129.x

Elena Ojea (Contact Author)

Basque Centre for Climate Change (BC3) ( email )

Gran Vía 35-2
Bilbao, Vizcaya 48009
Spain

HOME PAGE: http://www.bc3research.org

Maria L. Loureiro

Istituto Universitario de Estudos e Desenvolvemento de Galicia (IDEGA), Universidade de Santiago de Compostela ( email )

Complejo Docente - Campus Universitario de Lugo
Lugo, A Coruña 15704
Spain

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