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Deriving a benefit transfer function for threatened and endangered species in interaction with their level of charisma

Amuakwa-Mensah, Franklin and Bärenbold, Rebekka and Riemer, Olivia Eurydike (2018). Deriving a benefit transfer function for threatened and endangered species in interaction with their level of charisma. Environments. 5 , 1-18
[Journal article]

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Official URL: http://www.mdpi.com/2076-3298/5/2/31

Abstract

Biodiversity and species conservation are among the most urgent global issues. Both are under serious threat because of human intrusion and as a result, it is likely that present and future projects will affect threatened and endangered species. Thus, it is important to account for these impacts when evaluating and conducting cost and benefit analyses of projects. Due to their public good character and non-tradability, the total economic value of threatened and endangered species cannot be reflected by a market price and therefore, alternative approaches (stated preference method) are needed to determine their monetary value. This paper reviews and compares the valuation literature on threatened and endangered animals and conducts a meta-analysis regression to identify explanatory variables for the variation in willingness to pay for threatened and endangered species.
The main findings of the meta-analysis show that the interaction of the level of threat and charisma have a positive effect on willingness to pay. Furthermore, developed countries have a higher willingness to pay compared to developing countries. Similarly, visitors of conservation sites have higher willingness to pay than residents. The provided example of a benefit transfer of the estimated function shows the practicability of our results.

Authors/Creators:Amuakwa-Mensah, Franklin and Bärenbold, Rebekka and Riemer, Olivia Eurydike
Title:Deriving a benefit transfer function for threatened and endangered species in interaction with their level of charisma
Series/Journal:Environments (0711-6780)
Year of publishing :2018
Volume:5
Page range:1-18
Number of Pages:18
Publisher:MDPI
ISSN:0711-6780
Language:English
Publication Type:Journal article
Refereed:Yes
Article category:Scientific peer reviewed
Version:Published version
Copyright:Creative Commons: Attribution 4.0
Full Text Status:Public
Subjects:(A) Swedish standard research categories 2011 > 4 Agricultural Sciences > 405 Other Agricultural Sciences > Environmental Sciences related to Agriculture and Land-use
(A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Economics
Agrovoc terms:endangered species, human behaviour, nature conservation
Keywords:threatened and endangered species, willingness to pay, choice experiment, literature review, meta-analysis, contingent valuation method
URN:NBN:urn:nbn:se:slu:epsilon-e-4777
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-e-4777
Additional ID:
Type of IDID
DOI10.3390/environments5020031
ID Code:15342
Faculty:NJ - Fakulteten för naturresurser och jordbruksvetenskap
Department:(NL, NJ) > Dept. of Economics
Deposited By: SLUpub Connector
Deposited On:02 Mar 2018 07:00
Metadata Last Modified:09 Sep 2020 14:17

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