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Figure 2. Prey enrichment, apparent competition and incidental predation in caribou population
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Cost: contentious
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Interest in incorporating economic analysis into species at risk analysis. “How much is enough” questions.
Clarify opportunity costs of conservation actions. Note – in Canada “socioeconomic” analysis enters at the listing and the action plan stage. community knowledge and interests, including socio-economic interests, should be considered in developing and implementing recovery measures,
an evaluation of the socio-economic costs of the action plan and the benefits to be derived from its implementation;
The competent minister must monitor the implementation of an action plan and the
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progress towards meeting its objectives and assess and report on its implementation and its ecological and socio-economic impacts five years after the plan comes into effect. A copy of the report must be included in the public registry.
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What is the numbe 0f
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Even though we have the costs of caribou conservation, the question of how much conservation action to engage in still remains. Here, we are eliciting the WTP of the general public of Alberta for alternative caribou conservation programs. As conventional markets for species valuation do not exist, we must rely on stated preference techniques to determine this WTP. In this study, we employ a mixed stated preference approach with both traditional contingent valuation and attribute-based choice questions. As we are trying to determine the public’s WTP, we chose to represent the cost as a household’s share of provincial income tax each year for the next 50 years.
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The traditional method of determining the value placed on, in this case, varying levels of conservation action, is to use a referendum type question. Respondents are given two choices: the current management strategy, which will occur if no action is taken, and the proposed management strategy.
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