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VALUATION OF WILDLIFE: REVISING SOME ADDITIONAL CONSIDERATIONS FOR SCOPE TESTS
Author(s) -
OJEA ELENA,
LOUREIRO MARIA L.
Publication year - 2009
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.1465-7287.2008.00129.x
Subject(s) - endangered species , wildlife , valuation (finance) , willingness to pay , economics , wildlife conservation , contingent valuation , scope (computer science) , population , natural resource economics , public economics , environmental resource management , actuarial science , business , microeconomics , ecology , computer science , biology , sociology , accounting , demography , programming language
In this article, we build on previous valuation studies to contribute to the understanding of preferences toward conservation of endangered species elicited via willingness to pay. In particular, we assess the effect of the existence of biological substitutes of local endangered species. We also incorporate biological concepts such as the minimum viable population level into the valuation scenario. Furthermore, the role of ethical and environmental beliefs and their relationship with preferences toward conservation levels are explored. Results are discussed and contrasted with previous studies . ( JEL Q2)