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Using revealed and stated preference data to estimate the scope and access benefits associated with cave diving

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  • Morgan, O. Ashton
  • Huth, William L.

Abstract

In a single-site travel cost model framework, revealed and stated preference data are jointly estimated to provide the first use-value estimate associated with recreational cave diving. Focusing on one of Florida's first magnitude springs, we estimate average per-person per-trip use values of approximately $155, generating annual cave diving use values in the region of $1075. Further, in an investigation of potential site quality changes, we find that divers are sensitive to scope effects with an additional cave system increasing annual per-person use values by approximately $100, while improved access yields an additional $50 in per-person annual consumer surplus. Finally, three additional model specifications are estimated and indicate that divers use different travel cost preferences when assessing their revealed and stated preference trip counts but a single preference structure to evaluate site quality changes.

Suggested Citation

  • Morgan, O. Ashton & Huth, William L., 2011. "Using revealed and stated preference data to estimate the scope and access benefits associated with cave diving," Resource and Energy Economics, Elsevier, vol. 33(1), pages 107-118, January.
  • Handle: RePEc:eee:resene:v:33:y:2011:i:1:p:107-118
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    Cited by:

    1. Rahman Khoshakhlagh & Seyed Vahid Safaeifard & Seyedeh Nasim Mirahmadi Sharifi, 2013. "Estimating Recreation Demand Function by Using Zero Truncated Poisson Distribution: A Case Study of Tehran Darband Site (Iran)," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 1(1), pages 11-20.
    2. O. Morgan & John Whitehead & William Huth & Greg Martin & Richard Sjolander, 2013. "A Split-Sample Revealed and Stated Preference Demand Model to Examine Homogenous Subgroup Consumer Behavior Responses to Information and Food Safety Technology Treatments," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(4), pages 593-611, April.
    3. Hoyos, David & Riera, Pere, 2013. "Convergent validity between revealed and stated recreation demand data: Some empirical evidence from the Basque Country, Spain," Journal of Forest Economics, Elsevier, vol. 19(3), pages 234-248.
    4. repec:eee:regeco:v:68:y:2018:i:c:p:23-35 is not listed on IDEAS

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