Economic Values of Dolphin Excursions in Hawaii: A Stated Choice Analysis
AbstractThis study analyzes individualsâ€™ choice and the implied economic values associated with spinner dolphin excursions in Hawaii based on a stated preference survey. A mixed error component choice model is used to analyze respondentsâ€™ preferences. Respondents are found to be highly heterogeneous in their choices depending on both the observed and unobserved individual characteristics, while the derived marginal values are also moderately different across respondents. The results of this analysis have implications for dolphin excursion operators and for policy makers managing Hawaiiâ€™s ocean resources.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 24 (2009)
Issue (Month): 1 ()
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Dolphin excursion; error component; stated choice; willingness to pay; Institutional and Behavioral Economics; Marketing; Public Economics; Research Methods/ Statistical Methods; Q26; D12;
Find related papers by JEL classification:
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
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- Faustin, Vidogbèna & Adégbidi, Anselme A. & Garnett, Stephen T. & Koudandé, Delphin O. & Agbo, Valentin & Zander, Kerstin K., 2010. "Peace, health or fortune?: Preferences for chicken traits in rural Benin," Ecological Economics, Elsevier, vol. 69(9), pages 1848-1857, July.
- Marsh, Dan & Mkwara, Lena Asimenye & Scarpa, Riccardo, 2010. "Does respondent’s perceived knowledge of the status quo affect attribute attendance and WTP in choice experiments? Evidence from the Karapiro Catchment Freshwater streams," 2010 Conference, August 26-27, 2010, Nelson, New Zealand 96809, New Zealand Agricultural and Resource Economics Society.
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