Monetary Valuation Methods for Economic Analysis of the Benefit-Costs of Protecting Rare Wildlife Species from Predators

Abstract

Many threatened and endangered species are negatively impacted by predation. Management of the predators that are geographically and temporally in position to threaten species of concern can greatly aid in their conservation. However, decisions on management strategies are based within economic constraints, while the success of management actions is measured by wildlife resource improvement. Here, we review methods for applying monetary valuations for threatened and endangered species so that economic analyses of management actions can be used to help guide and evaluate management decisions. A variety of applied examples are provided to demonstrate the principles.