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Putting a price tag on whales: Are conservation markets a viable conservation tool? 1
Author(s) -
Essington Timothy,
Criddle Keith
Publication year - 2014
Publication title -
ecological applications
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.864
H-Index - 213
eISSN - 1939-5582
pISSN - 1051-0761
DOI - 10.1890/13-1590.1
Subject(s) - reprint , citation , order (exchange) , suite , library science , computer science , world wide web , political science , economics , law , physics , finance , astronomy
Although market-based incentives have helped resolve many environmental challenges, conservation markets still play a relatively minor role in wildlife management. Establishing property rights for environmental goods and allowing trade between resource extractors and resource conservationists may offer a path forward in conserving charismatic species like whales, wolves, turtles, and sharks. In this paper, we provide a conceptual model for implementing a conservation market for wildlife and evaluate how such a market could be applied to three case studies for whales (minke [Balaenoptera acutorostrata], bowhead [Balaena mysticetus], and gray [Eschrictius robustus]). We show that, if designed and operated properly, such a market could ensure persistence of imperiled populations, while simultaneously improving the welfare of resource harvesters.