Valuing wildlife: a review of methods
K. G. Willis, Lesley A. R. Mitchell, John F. Benson
Abstract
K. G. Willis, Lesley A. R. Mitchell, John F. Benson
Abstract
The paper analyses the costs and benefits of conserving wildlife and reports part of a wider research project which aims to estimate the benefits of certain ecological types and habitats, and to compare the outcome of different techniques used to value wildlife. The authors outline a range of philosophical, technical and methodological problems in deriving cardinal measures of costs and benefits.
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The paper analyses the costs and benefits of conserving wildlife and reports part of a wider research project which aims to estimate the benefits of certain ecological types and habitats, and to compare the outcome of different techniques used to value wildlife. The authors outline a range of philosophical, technical and methodological problems in deriving cardinal measures of costs and benefits.
Key concepts: Wildlife, Value (mathematics), Cost–benefit analysis, Outcome (game theory), Environmental resource management, Habitat, Environmental planning, Geography