Valuing improvements to threatened and endangered marine species: An application of stated preference choice experiments

Wallmo, Kristy; Lew, Daniel K.

doi:10.1016/j.jenvman.2011.02.012

Cited by 40 publications

(29 citation statements)

References 43 publications

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“…However, a person may place a high value on the protection of endangered species, or on preventing them from going extinct, which means taking steps to achieve these goals can increase her/his utility. This value is often called a non-use or existence value by economists [11,[14][15][16]. In this regard, the economic value of various endangered species has been examined in numerous studies during the past two decades.…”

Section: A Brief Review Of the Literaturementioning

confidence: 99%

“…The economic value of Steller sea lions was a maximum of USD 204 per household per year [18]. The mean willingness of US households to pay for improving only the status of the Hawaiian monk seal (Monachus schauinslandi) from endangered to recovered was USD 68.12 per year [11]. Boxall et al [19] estimated the economic values of marine mammal species, such as beluga whales (Delphinapterus leucas), harbor seals (Phoca vitulina), and blue whale (Balaenoptera musculus) found in the St. Lawrence Estuary in Canada, and found that they ranged from USD 77 to 229 per household per year.…”

Section: A Brief Review Of the Literaturementioning

confidence: 99%

“…As will be discussed in the next section, it has been most widely employed in the context of empirical work measuring the WTP for endangered species [10][11][12]. The CV method usually asks randomly selected respondents questions about whether they are willing to pay a specified amount for obtaining a good through a national survey.…”

Section: Introductionmentioning

confidence: 99%

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The Economic Benefits of the Dokdo Seals Restoration Project in Korea: A Contingent Valuation Study

2017

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Abstract:Northern fur seals (Callorhinus ursinus), especially those that live in Dokdo, Korea, represent an endangered species in Korea. Thus, the government is considering the implementation of the Dokdo Seals (DS) restoration project. This article looks at the economic benefits for implementing the project, which includes making habitats for the DS, such as an artificial sea ranch, and training DS rescued from fishing nets and wounded in the wild to adapt to the wild so that they can be released into the Dokdo Sea. To this end, we looked at the willingness to pay (WTP) for the implementation of the project by conducting a contingent valuation (CV) survey of 1000 Korean households. We employed a one-and-one-half-bounded dichotomous choice question format. Furthermore, we used a spike model to model the WTP responses with zero observations. The mean yearly WTP for the project implementation was computed to be KRW 4923 (USD 4.86) for next ten years per household, which is statistically significant at the 1% level. The national annual value amounts to KRW 90.9 billion (USD 89.8 million). This value can be taken as an indication of the economic benefits of restoring the endangered species.

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Section: A Brief Review Of the Literaturementioning

confidence: 99%

Section: A Brief Review Of the Literaturementioning

confidence: 99%

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The Economic Benefits of the Dokdo Seals Restoration Project in Korea: A Contingent Valuation Study

2017

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“…Using a similar framework, Wallmo and Lew (2011) and Lew and Wallmo (2011) present values associated with improving the ESA status of three TER species, the Puget Sound Chinook salmon, smalltooth sawfish, and the Hawaiian monk seal, using a small web-based national sample in the United States. Additionally, Lew and Wallmo (2011) show that non-consumptive values for these species are sensitive to scope, both in terms of the number of species protected and the amount of improvement (measured in terms of status improvement).…”

Section: A Wtp Is Reported In 2013 Us Dollars (All Values Convertedmentioning

confidence: 99%

“…Using data from an expanded survey effort using the same web-based survey framework, Wallmo and Lew (2012) estimated a pooled model of surveys that each asked respondents to value ESA improvements to three of eight species. The eight species included those valued in Lew and Wallmo (2011) and Wallmo and Lew (2011), as well as the North Atlantic right whale, North Pacific right whale, leatherback sea turtle, loggerhead sea turtle, and Upper Willamette River Chinook salmon 20 . The most recent CEbased study is a follow-up to the Wallmo and Lew (2012) study that presents the public's WTP for recovering each of eight additional TER marine species, including several noncharismatic species (Wallmo and Lew, 2015).…”

Section: A Wtp Is Reported In 2013 Us Dollars (All Values Convertedmentioning

confidence: 99%

Willingness to pay for threatened and endangered marine species: a review of the literature and prospects for policy use

Lew

2015

Front. Mar. Sci.

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Non-market valuation methods have been employed to estimate willingness to pay for numerous threatened, endangered, and rare (TER) species over the past few decades. While most of these efforts have focused on terrestrial species, over 30 published studies have been conducted to measure economic values associated with the preservation, protection, and enhancement of scores of marine species. In this paper, this literature is reviewed and assessed, and an evaluation of the suitability of existing TER species values as inputs for the analysis of marine and coastal policies, and the prospects and challenges for improving them, are discussed. The published literature is found to suffer from coverage issues, both geographical and in terms of species types. It includes stated preference valuation studies focused on marine species only in developed countries (United States, Canada, Australia, United Kingdom, Spain, and Greece), with the highest concentration of studies occurring in the United States. The species valued primarily can be classified as charismatic megafauna-seals and sea lions, whales, and sea turtles-plus well-known fish species, like salmon. Only a small handful of lesser known species are included among those valued to date. Species value estimates were as much as $356 (2013 U.S. dollars), but differed in the frequency of payments (e.g., lump sum vs. annual), the entity paying (e.g., household, resident, or visitor), and the specific good being valued (e.g., species preservation or a type of enhancement). Potential sources of errors arising from the use of these values for policy analyses, and the temporal stability of them, provide reasons to be cautious in their application. Nevertheless, several trends in the literature appear to provide reasons to be optimistic about the literature, particularly the recent expansion of types of species valued and more policy-relevant values.

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Stakeholder engagement for sustainable development and their suggestions for environmental policy: The case of Mediterranean monk seal

Halkos

Matsiori

Dritsas

2019

Sustainable Development

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This study primarily attempts to understand people's beliefs toward marine protected areas considering as a case study the National Marine Park of Alonissos, Northern Sporades in Greece in order to achieve its sustainability. Specifically, it aims to identify people's opinion about the utility of the park investigating also their beliefs in relation to socioeconomic characteristics. For this reason, a face-to-face survey of 200 randomly selected residents and visitors of the area was carried out. The research was structured according to the principles of the contingent valuation method. According to the empirical findings, the majority of respondents recognized the contribution of the park to preserve the monk seal and the natural environment. Moreover, they want the maintenance of the park and more specialized protection measures in the area. KEYWORDS marine park, Mediterranean monk seal, socioeconomic values, stakeholder engagement attitudes, sustainable development, WTP

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Valuing improvements to threatened and endangered marine species: An application of stated preference choice experiments

Cited by 40 publications

References 43 publications

The Economic Benefits of the Dokdo Seals Restoration Project in Korea: A Contingent Valuation Study

The Economic Benefits of the Dokdo Seals Restoration Project in Korea: A Contingent Valuation Study

Willingness to pay for threatened and endangered marine species: a review of the literature and prospects for policy use

Stakeholder engagement for sustainable development and their suggestions for environmental policy: The case of Mediterranean monk seal

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