NDLI: Effects of scarcity, aesthetics and ecology on wildlife auction prices of large African mammals

Content Provider	Springer Nature Link
Author	Dalerum, Fredrik Miranda, María Muñiz, Cristina Rodríguez, Plácido
Copyright Year	2017
Abstract	For successful integration of biological conservation into economic markets, economic processes need to capture ecological values. South African wildlife ranching is a tourist-based activity that generates unique information on the economic value of wildlife species. We used public data from South African wildlife auctions to evaluate if annual prices 1991–2012 related to species characteristics associated with scarcity, aesthetics and ecology of South African carnivores and ungulates. While none of the species characteristics influenced carnivore prices, ungulate prices were related to characteristics associated with novelty and aesthetics, which relative importance had increased over time. We raise both ecological and economic concerns for this apparent focus. Our results also suggest a potential importance of non-species-related factors, such as market and buyer characteristics. We encourage further evaluation of the relative influences of species characteristics versus factors that are intrinsically linked to economic processes on price variations in South African wildlife.
Starting Page	78
Ending Page	85
Page Count	8
File Format	PDF
ISSN	00447447
Journal	AMBIO
Volume Number	47
Issue Number	1
e-ISSN	16547209
Language	English
Publisher	Springer Netherlands
Publisher Date	2017-08-22
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Consumer preferences Ecological economics, Ecotourism Game farming Hedonic pricing Wildlife Environment Ecology Atmospheric Sciences Physical Geography Environmental Management Environmental Engineering/Biotechnology
Content Type	Text
Resource Type	Article
Subject	Geography, Planning and Development Ecology Environmental Chemistry Medicine

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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