Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/1740
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Are There Income Effects on Global Willingness to Pay for Biodiversity Conservation?
Authors: Jacobsen, Jette Bredahl
Hanley, Nicholas
Contact Email: n.d.hanley@stir.ac.uk
Keywords: willingness to pay
income
Issue Date: Jun-2009
Publisher: Springer
Citation: Jacobsen JB & Hanley N (2009) Are There Income Effects on Global Willingness to Pay for Biodiversity Conservation?, Environmental and Resource Economics, 43 (2), pp. 137-160.
Abstract: This paper is concerned with the empirical relationship between biodiversity conservation values and income. We use random effects panel models to examine the effects of income, and then GDP per capita, on willingness to pay for habitat and biodiversity conservation. In a meta-analysis, 145 Willingness To Pay estimates for biodiversity conservation where existence value plays a major role were collected from 46 contingent valuation studies across six continents. Other effects included in the meta-analysis were the study year; habitat type; continent; scope as presented to respondents; whether WTP bids were for preventing a deterioration or gaining an improvement in conservation, whether a specific species or specific habitat was protected; whether the questionnaire used a dichotomous choice or an open-ended format; distribution format; and the choice of payment vehicle. GDP per capita seemed to perform as well as an explanatory variable as respondent’s mean stated income, indicating that it is wealth in society as a whole which determines variations in WTP. Even if large variation, our main conclusion is, that the demand for biodiversity conservation rises with a nation’s wealth, but the income elasticity of willingness to pay is less than one.
Type: Journal Article
URI: http://hdl.handle.net/1893/1740
DOI Link: http://dx.doi.org/10.1007/s10640-008-9226-8
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author; you can only request a copy if you wish to use this work for your own research or private study.
Affiliation: University of Copenhagen
Economics

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