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Evaluating the Welfare Effects of Biodiversity on Private Lands: A Choice Modelling Application

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Abstract

Biodiversity loss is a global problem, especially in reference to private lands. In response, we investigated whether private land biodiversity may be attained by developing incentives which include funding landholders through the provision of native trees to enhance biodiversity on their own properties. Using choice modelling, we tested this hypothesis. A typical respondent was found to be better off, in terms of welfare, if there was a biodiversity enhancing scheme in their locality. We also found that respondents in the upper northern regions of New Zealand were relatively more receptive in supporting biodiversity enhancement programmes on their properties, compared to those residing in the southern regions of the country.

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  • Richard Yao & Pamela Kaval, 2009. "Evaluating the Welfare Effects of Biodiversity on Private Lands: A Choice Modelling Application," Working Papers in Economics 09/04, University of Waikato.
    • Handle: RePEc:wai:econwp:09/04
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    File URL: https://repec.its.waikato.ac.nz/wai/econwp/0904.pdf
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    More about this item

    Keywords

    native biodiversity; New Zealand; choice modelling; community volunteers;
    All these keywords.

    JEL classification:

    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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