Local Perception of Public Goods: Recent Assessments of Willingness‐to‐pay for Endangered Species

Denise Stanley

Contemporary Economic Policy, 2005, vol. 23, issue 2, 165-179

Abstract: A contingent valuation mail survey was administered in late 2001 to better understand current public opinion about controversial endangered species preservation in Orange County, California. Questionnaire design focused on additional taxes residents would be willing to pay to support recovery plans. Habitat and recovery of a single species, the Riverside fairy shrimp, is valued at around $25 per household, and the valuation is significantly changed by the higher scope of the public good provided, with an annual willingness‐to‐pay of around $50–60 per household for all local endangered species. Across the whole county, the public valuation of biodiversity is substantial yet probably could not fund necessary land acquisition for critical habitat, so continued national support for species preservation remains logical. (JEL Q51, Q57, Q58)

Date: 2005
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