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Economic Valuation of Beach Erosion Control

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Author Info
Huang, Ju-Chin
Poor, P. Joan
Zhao, Min Qiang
Abstract

In this study, we employ a choice-based conjoint survey design to elicit individual choices of beach erosion control programs that can potentially cause multiple effects on beach environment. Two empirical choice models, which incorporate individual heterogeneity, are used to analyze and compare the elicited individual choices of erosion control programs. Our results show that to a typical individual, both the positive and negative impacts of the programs affect his/her choices. We find that the economic benefit of an erosion control program to preserve a stretch of sand beach can be grossly exaggerated if potential negative impacts on the coastal environment from the same program are not considered. This study demonstrates feasible comparisons of beach erosion control programs that account for their multiple effects, as well as the demographics of program locations.

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File URL: http://purl.umn.edu/47052
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Publisher Info
Article provided by Marine Resources Foundation in its journal Marine Resource Economics.

Volume (Year): 22 (2007)
Issue (Month): 3 ()
Pages:
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Handle: RePEc:ags:mareec:47052

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Web page: http://www.uri.edu/cels/enre/mre/mre.htm

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Related research
Keywords: Beach erosion control; choice based conjoint analysis; individual specific welfare estimates.; Community/Rural/Urban Development; Environmental Economics and Policy; Institutional and Behavioral Economics; Q26; H41;

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  1. Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 715-19, November. [Downloadable!] (restricted)
  2. Trudy Ann Cameron, 1991. "Interval Estimates of Non-Market Resource Values from Referendum Contingent Valuation Surveys," Land Economics, University of Wisconsin Press, vol. 67(4), pages 413-421. [Downloadable!] (restricted)
  3. Jonathan Silberman & Daniel A. Gerlowski & Nancy A. Williams, 1992. "Estimating Existence Value for Users and Nonusers of New Jersey Beaches," Land Economics, University of Wisconsin Press, vol. 68(2), pages 225-236. [Downloadable!] (restricted)
  4. Freeman, A. Myrick, III, 1995. "The Benefits Of Water Quality Improvement For Marine Recreation: A Review Of The Empirical Evidence," Marine Resource Economics, Marine Resources Foundation, vol. 10(4). [Downloadable!]
  5. Daniel McFadden & Kenneth Train, 2000. "Mixed MNL models for discrete response," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(5), pages 447-470. [Downloadable!]
  6. Kenneth E. Train, 1998. "Recreation Demand Models with Taste Differences over People," Land Economics, University of Wisconsin Press, vol. 74(2), pages 230-239. [Downloadable!] (restricted)
  7. Adamowicz W. & Louviere J. & Williams M., 1994. "Combining Revealed and Stated Preference Methods for Valuing Environmental Amenities," Journal of Environmental Economics and Management, Elsevier, vol. 26(3), pages 271-292, May. [Downloadable!] (restricted)
  8. Opaluch James J. & Swallow Stephen K. & Weaver Thomas & Wessells Christopher W. & Wichelns Dennis, 1993. "Evaluating Impacts from Noxious Facilities: Including Public Preferences in Current Siting Mechanisms," Journal of Environmental Economics and Management, Elsevier, vol. 24(1), pages 41-59, January. [Downloadable!] (restricted)
  9. John W. Duffield & David A. Patterson, 1991. "Inference and Optimal Design for a Welfare Measure in Dichotomous Choice Contingent Valuation," Land Economics, University of Wisconsin Press, vol. 67(2), pages 225-239. [Downloadable!] (restricted)
  10. Parsons, George R., 1992. "The effect of coastal land use restrictions on housing prices: A repeat sale analysis," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 25-37, January. [Downloadable!] (restricted)
  11. Roe, Brian & Boyle, Kevin J. & Teisl, Mario F., 1996. "Using Conjoint Analysis to Derive Estimates of Compensating Variation," Journal of Environmental Economics and Management, Elsevier, vol. 31(2), pages 145-159, September. [Downloadable!] (restricted)
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