4. Conclusions and Final Discussion
Our Delphi study was intended to serve several objectives. First, it provided an initial estimate of WTP to protect the Amazon for a large share of the global population. Second, the distribution of the experts' WTP predictions may help us construct more efficient experimental designs (Ferrini and Scarpa, 2007) for the actual stated-preference (SP) valuation studies on Amazon protection that we intend to undertake. In addition, as part of the Delphi study we sought the experts' guidance on various other aspects of the design of populationbased SP surveys involving Amazon protection plans where a key problem is that respondents may believe that if they pay to protect tropical forest for biodiversity purposes they must also be protecting the carbon from those forests from being released.3 Third, we ultimately seek to compare the WTP estimates from our Delphi study to estimates from actual population SP studies. A large discrepancy between the Delphi and SP estimates, either absolutely or relatively across the countries for which we will have estimates from both, may provide useful information for analyzing and refining both approaches. Finally, the Delphi study provides WTP estimates for many countries in which we do not have the resources to conduct SP studies. Depending on the results of the comparison just mentioned, we may be able to use these estimates to augment the SP-based estimates in terms of either absolute WTP levels or, perhaps more likely (León et al., 2003), relative WTP differences across the countries with SP-based estimates and those without.