Abstract

According to the latest global assessment report on biodiversity and ecosystem services, nature and biodiversity have experienced a global decline, making the development of conservation policies urgent. Herein, we used a contingent valuation survey to estimate the economic value of a reintroduction program for the huemul (Hippocamelus bisulcus), an endangered charismatic species in Chile. Our novel approach exploits changes in the access to the site to disentangle nonuse value from use value. We use parametric and nonparametric models to estimate the willingness to pay for the program. Our findings consistently indicate that the conservation of the huemul is valued more when tourist access is restricted, as opposed to allowing visitors access to reintroduction areas. We also analyze the sensitivity of this main finding to different cut-off points of a certainty scale, showing that the results are robust. We hypothesize that people are willing to pay a “premium” to keep the conservation site “out of sight” from tourist activities. This could also be related to the belief that a reintroduction program would be more effective if access was not allowed. A cost-benefit analysis using the most conservative assumptions suggests that social benefit significantly outperforms cost.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.