Contingent Valuation and Endangered Species

Kristin M. Jakobsson, formerly Associate Professor of Economics, Swedish University of Agricultural Sciences, Uppsala, Sweden and Andrew K. Dragun, Formerly Dean, Faculty of Economics, Business and Law, University of New England, Australia Foreword by Michael Hanemann

• Contents: Foreword (M. Hanemann) Part I: Environmental Values: The Institutional and Biological Setting for Species Conservation 1. Introduction 2. The Institutional Setting: The Victorian Flora and Fauna Guarantee Act 3. Endangered Species in Victoria Part II: Welfare Economic Principles of Species Conservation 4. Welfare Economic Principles and Issues 5. The Economics of Species Conservation Part III: The Contingent Valuation Method 6. The Contingent Valuation Method 7. Estimating Changes in Welfare from Discrete Choice Surveys Part IV: The Survey Application to Species Conservation 8. A Contingent Valuation Survey of Endangered Species in Victoria 9. Estimation of Willingness to Pay Part V: Conclusions 10. Conservation Value: Estimation and Methodological Inference 11. From Contingent Valuation to Species Conservation Policy References Subject Index

'The main strength of the book is the fact that not one but ten sub-surveys were conducted. . . . As a result, one can illustrate many of the important issues relating to contingent valuation techniques within a single study, a fact that has been appreciated by graduate students on courses where I have used the book.'