Economic Valuation of Biodiversity Conservation: the Meaning of Numbers
Article first published online: 28 JUN 2008
©2008 Society for Conservation Biology
Volume 22, Issue 3, pages 624–635, June 2008
How to Cite
MARTÍN-LÓPEZ, B., MONTES, C. and BENAYAS, J. (2008), Economic Valuation of Biodiversity Conservation: the Meaning of Numbers. Conservation Biology, 22: 624–635. doi: 10.1111/j.1523-1739.2008.00921.x
- Issue published online: 28 JUN 2008
- Article first published online: 28 JUN 2008
- Paper submitted May 2, 2007; revised manuscript accepted October 30, 2007.
- 1998. Stated preference approaches for measuring passive use values: choice experiments and contingent valuation. American Journal of Agricultural Economics 80:64–75. , , , and .
- 2004. Economic value of conservation: the case of the Asian elephant. South Asia Economic Journal 5:283–300.
- 2003. Comparison of rural and urban attitudes to the conservation of Asian elephants in Sri Lanka: empirical evidence. Biological Conservation 110:327–342. , and .
- 2005. Changing abundance of elephants and willingness to pay for their conservation. Journal of Environmental Management 76:47–59. , and .
- 2002. Economic valuation with stated preference techniques. A manual. Edward Elgar, Cheltenham , United Kingdom . , et al.
- 2003. A study of environmental conflict: the economic value of grey seals in Southwest England. Biodiversity and Conservation 12:2361–2392. , and .
- 1988. Use of dichotomous choice nonmarket methods to value the whooping crane resource. Journal of Agricultural Economics 70:327–381. , and .
- 1987. Valuing wildlife in benefit-cost analysis: a case study involving endangered species. Water Resources Research 23:943–950. , and .
- 1982. Valuing public goods: a comparison of survey and hedonic approaches. American Economic Review 72:165–177. , , , and .
- 1983. Estimating option prices and existence values for wildlife resources. Land Economics 59:1–15. , , and .
- 1994. Valuing habitat and endangered species. Discussion paper 94-1. Institute for Economic Research, University of Washington, Seattle . , , and .
- 1996. Which response format reveals the truth about donations to a public good? Land Economics 72:152–166. , , , and .
- 1999. Marginal valuation of charismatic species: implications for conservation. Environmental and Resource Economics 14:119–130. , and .
- 1994. Valuing the preservation of Australia's Kakadu conservation zone. Oxford Economic Papers 46:727–749. , , and .
- 2003. A contingent valuation estimate of the benefits of wolves in Minnesota. Ecological Economics 26:249–267. , and .
- 2006. Valuing the diversity of biodiversity. Ecological Economics 58:304–317. , , , , , and .
- 2003. Cost and benefits of preserving farm animal genetic resources from extinction: CVM and bio-economic model for valuing a conservation program for the Italian Pentro horse. Ecological Economics 45:445–459. , , and .
- 2004. Whale watching, iconography, and marine conservation. Conservation Biology 18:847–849.
- 1994. Substitution effects in CVM values. American Journal of Agricultural Economics 76:205–214. , , and .
- 1996. Probability and utility components of endangered species preservation programs. Journal of Environmental Psychology 2:60–83. , and .
- 1992. An economic analysis of wolf recovery in Yellowstone: park visitor attitudes and values. Pages 2.31–2.87 in J.Varley and W.Brewster, editors. Wolves for Yellowstone? National Park Service, Yellowstone National Park, Wyoming .
- 1992. Field testing existence values: comparison of hypothetical and cash transaction values. Benefits and costs in natural resource planning. 5th report (W-133). Western regional research publication. B. Retting, compiler. Department of Agriculture and Resource Economics, Oregon State University, Corvallis, Oregon. , and .
- 1993. Wolves and people in Yellowstone: a case study in the new resource economics. Report. Liz Claiborne and Art Ortenberg Foundation, Missoula , Montana . , , and .
- 1993. Attribution of cognitive states to animals: anthropomorphism in comparative perspective. The Journal of Social Issues 49:87–101. , , and .
- 1995. The existence of existence value –a study of the economic benefits of an endangered species. Journal of Forest Economics 1:307–328.
- 1996. Endangered species and optimal environmental policy. Journal of Environmental Management 47:381–389. , and .
- 2004. Meta-analysis of environmental valuation studies. PhD dissertation. Georgia Institute of Technology, Atlanta .
- 1999. Internal and external scope in willingness-to-pay estimates for threatened and endangered wildlife. Journal of Environmental Management 56:221–229. , , and .
- 2002. Economic benefit of the protection program for the Steller sea lion. Marine Policy 26:451–458. , , , and .
- 2001. Physical attractiveness of an animal species as a decision factor for its preservation. Anthrozoös 14:204–215.
- 1985. Valuing marine mammal populations: benefits valuations in a multi-species ecosystem. Administrative report LJ-85–22. Southwest Fisheries Center, National Marine Fisheries Service, La Jolla , California .
- 1986. Economic Valuation of marine wildlife: existence value exist? Marine pollution environmental damage assessment report. EE-0121. National Center for Environmental Economics, U.S. Environmental Protection Agency, Washington , D.C.
- 1992. Benefits of preserving old-growth forest and the spotted owl. Contemporary Policy Issues 10:13–25. , , and .
- 1974. Waterfowl and wetlands: toward bioeconomic analysis. Johns Hopkins University Press, Baltimore , Maryland . , and .
- 1991. Statistical efficiency of double-bound dichotomous choice contingent valuation. American Journal of Agricultural Economics 73:1255–1263. , , and .
- 1988. Attitudes towards animals: origins and diversity. Anthrozoös 1:214–222. , and .
- 2003. Preferences for alternative moose management regimes among finish landowners: a choice experiment approach. Land Economics 79:472–482. , and .
- 2004. The allometry and scaling of the size of vertebrate eyes. Vision Research 44:2043–2065. , , and .
- 2004. Music, pandas, and muggers: on the affective psychology of value. Journal of Experimental Psychology: General 133:23–30. , and .
- IUCN (World Conservation Union). 2006. IUCN red list of threatened species. IUCN, Cambridge , United Kingdom . Available from http://www.iucnredlist.org (accessed February 2007).
- 1996. Contingent valuation and endangered species: methodological issues and applications. Edward Elgar , Cheltenham , United Kingdom . , and .
- 2006. Animal preferences and acceptability of wildlife management actions around Serengeti National Park, Tanzania. Biodiversity and Conservation 15:4633–4649. , , , and .
- 1980. Phase III: knowledge, affection and basic attitudes toward animals in American society. U.S. Government Printing Office, Washington , D.C . , and .
- 1988. Total and existence values of a herd of desert bighorn sheep. Benefits and costs in natural resource planning. Interim report. Western regional research publication W-133. University of California, Davis . , , and .
- 2003. The willingness to pay for property rights for the giant panda: can a charismatic species be an instrument for nature conservation? Land Economics 79:483–499. , and .
- 1998. Estimation and questioning economic values for endangered species: an application and discussion. Endangered Species Update 15:77–83. , and .
- 1998. Multivariate mixed models for open-ended contingent valuation data. Willingness to pay for conservation of monk seals. Environmental and Resource Economics 12:443–456. , , , , and .
- 1997. Economic benefits of critical habitat for the Mexican spotted owl. Journal of Agricultural and Resource Economics 22:356–366. , and .
- 1998. Alternative approaches for incorporating respondent uncertainty when estimating willingness to pay: the case of the Mexican spotted owl. Ecological Economics 27:29–41. , and .
- 1998. A willingness-to-pay function for protecting acres of spotted owl habitat from fire. Ecological Economics 25:315–322. , and .
- 1994. Total economic value of increasing gray whale populations: results from a contingent valuation survey of visitors and households. Marine Resource Economics 9:275–286. , and .
- 1996. Economic benefits of rare and endangered species: summary and meta-analysis. Ecological Economics 18:197–206. , and .
- 2002. Valuing the non-market benefits of wild goose conservation: a comparison of interview and group-based approaches. Ecological Economics 43:49–59. , , , and .
- 2007. The non-economic motives behind the willingness to pay for biodiversity conservation. Biological Conservation 139:67–82. , , and .
- 2003. Conservation and social sciences. Conservation Biology 17:649–650. , , , , , , and .
- MEA (Millennium Ecosystem Assessment). 2003. Ecosystems and human well-being: a framework for assessment. Island Press, Washington , D.C .
- MEA (Millennium Ecosystem Assessment). 2005. Ecosystems and human well-being: biodiversity synthesis. World Resources Institute, Washington , D.C .
- 1989. Using survey to value public goods. The contingent valuation method. Resources for the Future, Washington , D.C . , and .
- OECD (Organization for Economic Co-operation and Development). 2002. Handbook of biodiversity valuation. OECD, Paris .
- 1991. Existence and sport values for doubling the size of Columbia river basin salmon and steelhead runs. Rivers 2:44–56. , , and .
- 1993. Psychological mechanisms in the human use of animals. The Journal of Social Issues 49:11–52.
- 1999. Does question format matter? Valuing an endangered species. Environmental and Resource Economics 14:365–383. , , and .
- 1991. A benefit-cost analysis of the northern spotted owl. Journal of Forestry 89:25–30. , , and .
- 1986. Information disclosure and endangered species valuation. Land Economics 62:306–312. , , and .
- 1990. Contingent valuation of wildlife resources in the presence of substitutes and complements. Pages 177–192 in R.Johnson and G.Johnson, editors. Economic valuation of natural resources: issues, theory and application. Westview Press, Boulder , Colorado . , and .
- 2006. Using psychology to save biodiversity and human well-being. Conservation Biology 20:702–705. , , and .
- 1986. In the company of animals: a study of human-animal relationships. Basil Blackwell, Oxford , United Kingdom .
- 2004. Factors influencing human attitudes to animals and their welfare. Animal Welfare 13:145–151.
- 1999. Why economics matters for endangered species protection. Conservation Biology 13:1257–1261. , et al.
- 2005. Local perception of public goods: recent assessments of willingness to pay for endangered species. Contemporary Economic Policy 23:165–179.
- 1991. Measuring the existence value of wildlife: what do CVM estimates really show? Land Economics 67:390–400. , , , , and .
- 1994. Public attitudes about coyotes in New England. Society and Natural Resources 7:67–84. , , and .
- 1993. Economics of non-game management: Bald Eagles on the Skagit River, Bald Eagle Natural Area, Washington . Department of Agricultural Economics, Ohio State University, Columbus .
- 1993. A socio-economic valuation of woodland caribou in northwestern Saskatchewan. Project report 93–04. Department of Rural Economy, University of Alberta, Edmonton . , , , , and .
- 1995. An economic evaluation of woodland caribou conservation programs in northwestern Saskatchewan. Project report 95–01. Department of Rural Economy, University of Alberta, Edmonton . , , and .
- 2004. The public's knowledge of and support for conservation of Australia's tree-kangaroos and other animals. Biodiversity and Conservation 13:2339–2359. , and .
- 2006. Information, wildlife valuation, conservation: experiments and policy. Contemporary Economic Policy 24:144–159. , and .
- 2005a. Association of public support for survival of wildlife species with their likeability. Anthrozoös 18:160–174. , , and .
- 2005b. Policies for saving a rare Australian glider: economics and ecology. Biological Conservation 123:237–248. , , and .
- 2006. Public choice of species for the ‘Ark’: phylogenetic similarity and preferred wildlife species for survival. Journal for Nature Conservation 14:97–105. , , and .
- 2007. Endangerment and likeability of wildlife species: how important are they for payments proposed for conservation? Ecological Economics 60:627–633. , , and .
- 1998. The effects of information on willingness-to-pay values of endangered species. American Journal of Agricultural Economics 80:1214–1220.
- USFWS (U.S. Fish and Wildlife Service). 1994. The reintroduction of gray wolves to Yellowstone National Park and Central Idaho. Final environmental impact statement. USFWS, Helena , Montana .
- 2004. The contingent valuation method: a review. Environmental Impact Assessment Review 24:89–124.
- 1993. Multiple bounded discrete choice models. Pages 331–352 in J.Bergstrom, editor. Benefits and costs transfer in natural resource planning western regional research. Sixth interim report W-133. Department of Agricultural and Applied Economics, University of Georgia, Athens . , and .
- 1998. Elicitation effects in contingent valuation: comparisons to a multiple bounded discrete choice approach. Journal of Environmental Economics and Management 36:170–185. , and .
- 1997. Economic values of threatened mammals in Britain: a case study of the otter Lutra lutra and the water vole Arvicola terrestris. Biological Conservation 82:345–354. , , , and .
- 2001. The use of willingness-to-pay approaches in mammal conservation. Mammal Review 31:151–167. , , and .
- 1992. Ex ante willingness to pay with supply and demand uncertainty: implications for valuing a sea turtle protection programme. Applied Economics 24:981–988.
- 1999. Can nature tourism help finance protected areas in the Congo basin? Oryx 33:332. , and .
- 2003. Conservation and economic benefits of wildlife-based marine tourism: sea turtles and whales as case studies. Human Dimensions of Wildlife 8:49–58. , and .