Thesis, Undergraduate (BS Economics) -- U. P. in Mindanao

This study was designed to determine whether people place certain values on the existence of an ennvironmental resource specifically on an endangered species such as the Philippine eagle. The study sought to identify and analyze the factors affecting the values of people's willingness to pay, and qualitatively assess the values people attach to an environmental resource. The use of a contingent valuation survey helped determine the monetary value of welfare of preserving and protecting the Philippine eagle. Results indicated that a person's preference was largely influenced by its age, level of education, income and household size. The older, the more educated and the larger the income of the person . The higher was his willingness to pay for the good. However, the larger the household size of a family made the willingness to pay bid of the individual to decline. Substantial non-use economic values such as bequest, existence and option values were associated with the preservation of the Philippine eagle. The average of willingness to pay of the survey sample was estimated to be P/137.97 for each resident of Poblacion, Davao City. The payment vehicle was specified in the form of an annual contribution to a trust fund. The value obtained can be reflected as preservation benefits for the Philippine eagle.