Value of wildlife Flashcards
What are the two types of value?
Instrumental value
Intrinsic value
What is instrumental value?
The value of something as a means to another’s ends
What is intrinsic value?
The value as something as an end in itself
How can something have instrumental value?
Can receive an economic valuation via the market or a shadow price
What is a shadow price?
something used to price something that isn’t traded in the market
What is the travel cost method?
A way of giving something a shadow price based on the money spent to experience it, foregone income, or the number of visitors it attracts
What is hedonic pricing?
Looking at the price of something based on how it compares to other equivalent things, e.g. an ocean front property vs a house not on the ocean
What is contingent valuation?
A way of shadow pricing based on the willingness of people to pay for something
What is an unintended effect of something having intrinsic value?
It creates a black market
What is consumptive use of wildlife?
Removing animals from the wild for subsistence and recreation
What is “harvesting”
reaping what humans have sown
NOT gathering from the wild what nature produced
What are four reasons why animals might be removed from the wild?
Collection for zoos and pet trade
commercial hunting
subsistence hunting
recreational hunting
What is game?
Fallow deer, bison or reindeer
Why is hunting allowed in BC?
long standing recreational and commercial activity feed families protection from predators protect agricultural crops provide recreation
What are the “edible portions” of an animal?
Neck, ribs, four quarters and loins