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.
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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/
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Other versions of this item:
- Whitehead, John C. & Dumas, Christopher F. & Herstine, Jim & Hill, Jeffery & Buerger, Robert, 2008. "Valuing Beach Access and Width with Revealed and Stated Preference Data," Marine Resource Economics, Marine Resources Foundation, vol. 23(2).
- 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.:
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