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Valuing Beach Re-nourishment: Is it Preservation?

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  • Rebecca P. Judge
  • Laura Osborne
  • Smith, Kerry

Abstract

A proposed plan to preserve beach and beach access along the Cape Hatteras National Seashore thorugh beach re-nourishment offers the opportunity to apply contingent valuation techniques to explore the implications of three sources of preference heterogeneity for measures of people's willingness to pay. Preferences are modeled as functions of: (a) attitudes, socio-economic and demographic characteristics; (b) past experience with the Cape Hatteras area; (c) anticipated future use; and (d) knowledge about the problem and proposed plans to address it. We find that while income and environmentalist attitudes have limited indirect effects on respondent willingness to pay for beach re-nourishment, past and future use of the resource, as well as respondent knowledge about the re-nourishment plan, directly affect willingness to pay.

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Bibliographic Info

Paper provided by Duke University, Department of Economics in its series Working Papers with number 95-41.

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Date of creation: 1995
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Handle: RePEc:duk:dukeec:95-41

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Postal: Department of Economics Duke University 213 Social Sciences Building Box 90097 Durham, NC 27708-0097
Phone: (919) 660-1800
Fax: (919) 684-8974
Web page: http://econ.duke.edu/

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Cited by:
  1. Ghermandi, Andrea & Nunes, Paulo A.L.D., 2013. "A global map of coastal recreation values: Results from a spatially explicit meta-analysis," Ecological Economics, Elsevier, vol. 86(C), pages 1-15.

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