Valuing Beach Access and Width with Revealed and Stated Preference Data
AbstractIn this paper we present results from a study of recreation demand of southern North Carolina beaches. We combine revealed preference and stated preference data in order to estimate the changes in recreation demand that might occur with beach nourishment and parking improvements necessary to satisfy the requirements for US Army Corps of Engineers cost-share. We illustrate the numerous ways that hypothetical bias in contingent behavior data can lead to increases in the estimates of the economic benefits of recreation and recreation quality improvement. Hypothetical bias affects the number of trips and slope coefficients. Hypothetical bias does not affect elasticity or consumer surplus per trip estimates. When the product of trips and consumer surplus per trip is taken to estimate consumer surplus per season, hypothetical bias leads to upwardly biased seasonal consumer surplus estimates. These results suggest that stated preference recreation demand data, in isolation, is suitable for estimation of consumer surplus per trip but not consumer surplus per season.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Department of Economics, Appalachian State University in its series Working Papers with number 06-15.
Date of creation: 2006
Date of revision:
Contact details of provider:
Postal: Thelma C. Raley Hall, Boone, North Carolina 28608
Web page: http://www.business.appstate.edu/departments/economics/
More information through EDIRC
Find related papers by JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-12-04 (All new papers)
- NEP-DCM-2006-12-04 (Discrete Choice Models)
- NEP-MKT-2006-12-04 (Marketing)
- NEP-TUR-2006-12-04 (Tourism Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John C. Whitehead & Subhrendu K. Pattanayak & George L. Van Houtven & Brett R. Gelso, 2008.
"Combining Revealed And Stated Preference Data To Estimate The Nonmarket Value Of Ecological Services: An Assessment Of The State Of The Science,"
Journal of Economic Surveys,
Wiley Blackwell, vol. 22(5), pages 872-908, December.
- John C. Whitehead & Subhrendu K. Pattanayak & George L. Van Houtven & Brett R. Gelso, 2005. "Combining Revealed and Stated Preference Data to Estimate the Nonmarket Value of Ecological Services: An Assessment of the State of the Science," Working Papers 05-19, Department of Economics, Appalachian State University, revised 2007.
- Whitehead, John C. & Haab, Timothy C. & Huang, Ju-Chin, 2000.
"Measuring recreation benefits of quality improvements with revealed and stated behavior data,"
Resource and Energy Economics,
Elsevier, vol. 22(4), pages 339-354, October.
- John C. Whitehead & Timothy C. Haab & Ju-Chin Huang, 1999. "Measuring Recreation Benefits of Quality Improvements with Revealed and Stated Behavior Data," Working Papers 9902, East Carolina University, Department of Economics.
- Kenneth E. McConnell, 1977. "Congestion and Willingness to Pay: A Study of Beach Use," Land Economics, University of Wisconsin Press, vol. 53(2), pages 185-195.
- Frederick W. Bell, 1986. "Economic Policy Issues Associated With Beach Renourishment," Review of Policy Research, Policy Studies Organization, vol. 6(2), pages 374-381, November.
- repec:ags:mareec:28082 is not listed on IDEAS
- repec:ags:mareec:28121 is not listed on IDEAS
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (O. Ashton Morgan).
If references are entirely missing, you can add them using this form.