Economic value of conservation. The case of the edible sea urchin Paracentrotus lividus

S. Matsiori, S. Aggelopoulos, A. Tsoutsou, Ch Neofitou, K. Soutsas, D. Vafidis

Research output: Contribution to journalArticle

8 Citations (Scopus)

Abstract

This paper presents a goods and services approach to determine the economic value of Paracentrotus lividus with the aim of clarifying the role of valuation in the management and conservation of marine biodiversity. More specifically, it uses the Contingent Valuation Method to estimate the existence value of the sea urchin population that is predicted to be lost in the future if we do not take any measure today to protect them. According to the results a great number of respondents were willing to pay for the conservation of P. lividus population. Moreover, individual characteristics have distinctively different effects for explaining responders behaviour against their conservation. The empirical results from the proposed models link individuals opinion about eco-nomic value of biodiversity with people total willingness to pay (WTP). The results would help the choice of management strategies for P. lividus conservation and can help design incentive schemes to make conservation policy both effective and efficient.

Original languageEnglish
Pages (from-to)269-274
Number of pages6
JournalJournal of Environmental Protection and Ecology
Volume13
Issue number1
Publication statusPublished - 2012

Keywords

  • Contingent valuation
  • Economic value of conservation
  • P. Lividus
  • Value of biodiversity

Fingerprint Dive into the research topics of 'Economic value of conservation. The case of the edible sea urchin Paracentrotus lividus'. Together they form a unique fingerprint.

  • Cite this

    Matsiori, S., Aggelopoulos, S., Tsoutsou, A., Neofitou, C., Soutsas, K., & Vafidis, D. (2012). Economic value of conservation. The case of the edible sea urchin Paracentrotus lividus. Journal of Environmental Protection and Ecology, 13(1), 269-274.