Demand for Diving on Large Ship Artificial Reefs
AbstractUsing data drawn from a web-based travel cost survey, we jointly model revealed and stated preference trip count data in an attempt to estimate the recreational use value from diving the intentionally sunk USS Oriskany. Respondents were asked to report their: (1) actual trips from the previous year, (2) anticipated trip in the next year, and (3) anticipated trip next year assuming a second diveable vessel (a Spruance class destroyer) is sunk in the same vicinity. Results from several different model specifications indicate average per-person per-trip use values range from $480 to $750. The “bundling” of a second vessel in the area of the Oriskany to create a multiple-ship artificial reef area adds between $220 and $1,160 per diver per year in value. Key Words: Artificial reefs, diving, recreation demand, combined revealed and stated preferences, non-market valuation
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Bibliographic InfoPaper provided by Department of Economics, Appalachian State University in its series Working Papers with number 09-09.
Date of creation: 2009
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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
- Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
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