Premium
HOW KNOWLEDGE AFFECTS PAYMENT TO CONSERVE AN ENDANGERED BIRD
Author(s) -
WILSON CLEVO,
TISDELL CLEM
Publication year - 2007
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.2006.00021.x
Subject(s) - endangered species , willingness to pay , payment , wildlife conservation , geography , contingent valuation , natural resource economics , business , ecology , economics , wildlife , biology , habitat , finance , microeconomics
The paper reports the findings of an experimental survey conducted to determine the public’s willingness to pay (WTP) for the protection and conservation of the golden‐shouldered parrot in Australia. This parrot is endemic to Australia and is one of Australia’s most endangered birds. The paper examines the public’s knowledge of this parrot and compares it with other endangered birds as well as common birds and the public’s WTP for conservation from a hypothetical allocation of money based on their current knowledge. We then examine how this allocation changes with increased knowledge about all species.