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Estimating willingness to pay for a threatened species within a threatened ecosystem

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  • Kevin A. Decker
  • Philip Watson

Abstract

This study conducts a choice experiment to determine the willingness to pay for Palouse Prairie conservation. The giant Palouse earthworm (Driloleirus americanus), a rare species endemic to the Palouse region, is included as an attribute of conservation and serves as a method for determining the willingness to pay for protecting the species. This method evaluates the value of the earthworm as an attribute of an overall willingness to pay for threatened ecosystem preservation rather than a direct willingness to pay for protecting the species. This method is expected to yield a more accurate measure of willingness to pay for rare species. The annual willingness to pay per household for the giant Palouse earthworm is $20.45 based on the conditional logit model and $19.30 based on the mixed logit model. Ranking and relative importance are included as methods for representing a non-monetary value and importance of the giant Palouse earthworm.

Suggested Citation

  • Kevin A. Decker & Philip Watson, 2017. "Estimating willingness to pay for a threatened species within a threatened ecosystem," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 60(8), pages 1347-1365, August.
    • Handle: RePEc:taf:jenpmg:v:60:y:2017:i:8:p:1347-1365
    DOI: 10.1080/09640568.2016.1221797
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    1. David F. Layton & Gardner Brown & Mark L. Plummer, 1999. "Valuing Multiple Programs to Improve Fish Populations," Working Papers 0042, University of Washington, Department of Economics.
    2. David F. Layton & Gardner Brown & Mark L. Plummer, 1999. "Valuing Multiple Programs to Improve Fish Populations," Discussion Papers in Economics at the University of Washington 0042, Department of Economics at the University of Washington.
    3. King, David A. & Flynn, Deborah J. & Shaw, William W., 1988. "Total and Existence Values of a Herd of Desert Bighorn Sheep," Western Region Archives 303518, Western Region - Western Extension Directors Association (WEDA).
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    Cited by:

    1. Vera V. Yurak & Margarita N. Ignatyeva & Aleksey V. Dushin, 2020. "Valuation of ecosystem services in a region: A review of the international experience," Journal of New Economy, Ural State University of Economics, vol. 21(4), pages 79-103, December.
    2. Sharma, Sadikshya & Kreye, Melissa M., 2022. "Social value of bird conservation on private forest lands in Pennsylvania, USA," Ecological Economics, Elsevier, vol. 196(C).
    3. Jerry Mauri & Yingli Huang & Jun Harbi & Nathan James Roberts, 2022. "Monetary Valuation of Protected Wild Animal Species as a Contingent Assessment in North Sulawesi, Indonesia," Sustainability, MDPI, vol. 14(17), pages 1-17, August.

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