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A Contingent Valuation Estimate of the Benefits of Wolves in Minnesota

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  • Catherine Chambers
  • John Whitehead

Abstract

In this paper we estimate the willingness topay for a wolf management plan and a wolfdamage plan in Minnesota using the contingentvaluation method. The theoretical definition ofwillingness to pay for wolf protection iscomposed of use and non-use values. Weincorporate a don't know response option in thedichotomous choice valuation questions. A largenumber of respondents answered don't know. Themultinomial logit model is used todifferentiate between don't know and noresponses. Non-use motives are importantfactors that explain willingness to pay. We usethese benefit estimates in combination with twoalternative cost estimates to consider theefficiency of the wolf management and damageplans. Both plans have estimated benefitsgreater than costs. Copyright Kluwer Academic Publishers 2003

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  • Catherine Chambers & John Whitehead, 2003. "A Contingent Valuation Estimate of the Benefits of Wolves in Minnesota," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 26(2), pages 249-267, October.
    • Handle: RePEc:kap:enreec:v:26:y:2003:i:2:p:249-267
    DOI: 10.1023/A:1026356020521
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    1. More environmental economics journal rankings
      by John Whitehead in Environmental Economics on 2009-05-15 18:34:48

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    5. Kelvin Balcombe & Iain Fraser, 2009. "Dichotomous-choice contingent valuation with 'dont know' responses and misreporting," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(7), pages 1137-1152.
    6. Sims, Charles & Aadland, David & Finnoff, David & Hochard, Jacob, 2020. "What are the benefits of delisting endangered species and who receives them?: Lessons from the gray wolf recovery in Greater Yellowstone," Ecological Economics, Elsevier, vol. 174(C).
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    11. Moritz A. Drupp & Zachary M. Turk & Ben Groom & Jonas Heckenhahn, 2024. "Limited Substitutability, Relative Price Changes and the Uplifting of Public Natural Capital Values," CESifo Working Paper Series 11156, CESifo.
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    13. Broberg, Thomas & Brännlund, Runar, 2006. "The value of preserving the four large predators in Sweden: Regional differences considered," Umeå Economic Studies 671, Umeå University, Department of Economics.
    14. Estifanos, Tafesse & Polyakov, Maksym & Pandit, Ram & Hailu, Atakelty & Burton, Michael, 2018. "Protection of the Ethiopian Wolf: What are tourists willing to pay for?," Working Papers 272805, University of Western Australia, School of Agricultural and Resource Economics.
    15. Marc J. Epstein & Sally K. Widener, 2011. "Facilitating sustainable development decisions: measuring stakeholder reactions," Business Strategy and the Environment, Wiley Blackwell, vol. 20(2), pages 107-123, February.
    16. Jin Jianjun, 2008. "Economic Valuation of Black-faced Spoonbill Conservation in Macao," EEPSEA Special and Technical Paper tp200801t2, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jan 2008.
    17. Henríquez, Makarena & Vásquez-Lavín, Felipe & Barrientos, Manuel & Ponce Oliva, Roberto D. & Lara, Antonio & Flores-Benner, Gabriela & Riquelme, Carlos, 2024. "Out of sight, not out of mind: The effect of access to conservation sites on the willingness to pay for protecting endangered species," Ecological Economics, Elsevier, vol. 224(C).
    18. Ojea, Elena & Loureiro, Maria L., 2011. "Identifying the scope effect on a meta-analysis of biodiversity valuation studies," Resource and Energy Economics, Elsevier, vol. 33(3), pages 706-724, September.
    19. Göran Bostedt & Göran Ericsson & Jonas Kindberg, 2008. "Contingent values as implicit contracts: estimating minimum legal willingness to pay for conservation of large carnivores in Sweden," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 39(2), pages 189-198, February.
    20. Loureiro, Maria L. & Ojea, Elena, 2008. "Valuing local endangered species: The role of intra-species substitutes," Ecological Economics, Elsevier, vol. 68(1-2), pages 362-369, December.
    21. Jacobsen, Kim S. & Sandorf, Erlend Dancke & Loveridge, Andrew J. & Dickman, Amy J. & Johnson, Paul J. & Mourato, Susana & Contu, Davide & Macdonald, David W., 2022. "What is a lion worth to local people – Quantifying of the costs of living alongside a top predator," Ecological Economics, Elsevier, vol. 198(C).

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