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The WTP for property rights for the Giant Panda: can a charismatic species be an instrument for conservation of natural habitat?

Kontoleon, A.; Swanson, T.; (2002) The WTP for property rights for the Giant Panda: can a charismatic species be an instrument for conservation of natural habitat? (CSERGE Publications ). Centre for Social and Economic Research on the Global Environment (CSERGE): London, UK. Green open access

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Abstract

The paper presents the results from a stated preference study to address issues concerning the potential for using flag-ship species, such as the Giant Panda, to purchase the property rights for the conservation of natural habitat. The study finds, first, that there is clear WTP for acquiring the property rights for panda habitat. The nature of this demand is found both convincing and logically coherent in that it is an increasing function of land (at a diminishing rate). Secondly, the study decomposed the elicited values into genetic stock, animal welfare and implicit biodiversity values. The results show that the latter type of value consist of almost half of total value implying that the Panda is in fact a potential instrument for greater biodiversity conservation. Thirdly, the study shows that these implicit biodiversity values are dependent on the preservation of the flagship species itself, implying that the panda is not only a potential instrument for habitat conservation, but a necessary one. Finally, the extent to which the flagship approach can be capable of contributing to wider biodiversity conservation is discussed.

Type: Working / discussion paper
Title: The WTP for property rights for the Giant Panda: can a charismatic species be an instrument for conservation of natural habitat?
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.cserge.ucl.ac.uk/publications.html
Language: English
Keywords: Flag-ship species, existence value, contingent valuation, Giant Panda
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/17525
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