The Value of Native Biodiversity Enhancement in New Zealand: A Case Study of the Greater Wellington Area

Pamela Kaval (), Richard Yao () and Terry Parminter

Working Papers in Economics from University of Waikato

Abstract: New Zealand’s biodiversity consists of over 80,000 native plants, animals and fungi, many of which are indigenous and located on private property. To enhance native biodiversity and discourage activities that may deplete it, policies can be introduced that can encourage individual self-interest to coincide with social interest. Economic values for biodiversity can help to determine the best policy tools to use. In this project, we surveyed Greater Wellington Region households to determine their biodiversity enhancement values using the contingent valuation approach. Greater Wellington respondents placed a significant value on both private land biodiversity as well as public land biodiversity.

Keywords: biodiversity; non-market valuation; native species; private landholders; New Zealand (search for similar items in EconPapers)
JEL-codes: Q51 Q56 Q57 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2007-11-06
New Economics Papers: this item is included in nep-agr, nep-cul and nep-env
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:wai:econwp:07/22

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