Environmental and Resource Economics

, Volume 26, Issue 2, pp 249–267

A Contingent Valuation Estimate of the Benefits of Wolves in Minnesota

  • Catherine M. Chambers
  • John C. Whitehead
Article

DOI: 10.1023/A:1026356020521

Cite this article as:
Chambers, C.M. & Whitehead, J.C. Environmental and Resource Economics (2003) 26: 249. doi:10.1023/A:1026356020521

Abstract

In this paper we estimate the willingness topay for a wolf management plan and a wolfdamage plan in Minnesota using the contingentvaluation method. The theoretical definition ofwillingness to pay for wolf protection iscomposed of use and non-use values. Weincorporate a don't know response option in thedichotomous choice valuation questions. A largenumber of respondents answered don't know. Themultinomial logit model is used todifferentiate between don't know and noresponses. Non-use motives are importantfactors that explain willingness to pay. We usethese benefit estimates in combination with twoalternative cost estimates to consider theefficiency of the wolf management and damageplans. Both plans have estimated benefitsgreater than costs.

CVMendangered specieswillingness to pay

Copyright information

© Kluwer Academic Publishers 2003

Authors and Affiliations

  • Catherine M. Chambers
    • 1
  • John C. Whitehead
    • 2
  1. 1.Department of Economics and FinanceCentral Missouri State UniversityUSA
  2. 2.Department of Economics and FinanceUniversity of North Carolina at WilmingtonUSA