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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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    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.
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