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Estimating the Option Value of Ashtamudi Estuary in South India: a contingent valuation approach

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  • Anoop, P.
  • Suryaprakash, Satrasala
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    Abstract

    Ashtamudi estuary of south India provides many direct and indirect use values to the local community in terms of fishing, coconut husk retting, recreation and inland navigation. Nowadays the estuary is facing many threats like pollution, reclamation, injudicious fishing practices etc. At the same time it is having many potential future uses also. So it is imperative to assess the option value of the estuary to appraise the importance to conserve it. Here a contingent valuation method is applied for the assessment. The high option value of the estuary indicates the urgent need of conserving it for the potential future uses.

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    File URL: http://purl.umn.edu/43607
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    Bibliographic Info

    Paper provided by European Association of Agricultural Economists in its series 2008 International Congress, August 26-29, 2008, Ghent, Belgium with number 43607.

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    Date of creation: 2008
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    Handle: RePEc:ags:eaae08:43607

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    Keywords: Ashtamudi; Option Value; CVM; Resource /Energy Economics and Policy;

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    1. Timothy Park & John B. Loomis & Michael Creel, 1991. "Confidence Intervals for Evaluating Benefits Estimates from Dichotomous Choice Contingent Valuation Studies," Land Economics, University of Wisconsin Press, vol. 67(1), pages 64-73.
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