Economics at your fingertips  

Economic valuation of the giant tortoise conservation in Galapagos Islands

Carlos Medina
Additional contact information
Carlos Medina: Universidad de Concepción, Concepción Chile

Authors registered in the RePEc Author Service: Felipe A. Vásquez Lavín

No 201233, Working Papers from Latin American and Caribbean Environmental Economics Program

Abstract: The objective of this article is to economically value the implementation of a conservation plan for giant tortoises in the Galapagos Islands. These tortoises are threatened by rats probably introduced by pirate and buccaneer ships in the late seventeenth century which prey on tortoise eggs and newborns. Using the contingent valuation method we estimate the willingness to pay, on the part of continental Ecuadorian households for preservation of giant Galapagos tortoises. We compare the value obtained by using this method with the cost of implementation of a specific policy; therefore, we contribute to the design and development of a policy instrument targeting the conservation of this species, one which is fundamental to the provision of tourist services which in return represent some of the principal sources of income in Ecuador. Results indicate that mainlander households have a positive willingness to pay (WTP) for conserving this species. They are willing to pay in average $1.95 USD through a monthly fee in the electricity bill, an amount that would total 83 million USD over a three-year period. This estimated value would fully cover the funding needed to eradicate rats in the uninhabited islands in Galapagos, and the possibility of raising it demonstrates that mainlander households support the application of conservation policies in the islands. Therefore, policy makers should consider this potential economic benefit in order to conserve this important National Heritage Site.

Pages: 22 pages
Date: 2012, Revised 2012
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... edina_2012&Itemid=87 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Working Papers from Latin American and Caribbean Environmental Economics Program Contact information at EDIRC.
Bibliographic data for series maintained by Liz Delgado ( this e-mail address is bad, please contact ).

Page updated 2023-05-29
Handle: RePEc:lae:wpaper:201233