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Valuing Changes in the Quality of Coral Reef Ecosystems: A Stated Preference Study of SCUBA Diving in the Bonaire National Marine Park

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  • George Parsons

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  • Steven Thur

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Abstract

We estimated the economic value of changes in the quality of a coral reef ecosystem to SCUBA divers in the Caribbean using a stated preference mail survey. Our sampling frame was all divers with U.S. home addresses who purchased a tag required for diving in the Bonaire National Marine Park in 2001. Divers were asked how they might have altered their trip choice had the quality of the coral reef system been different from what they experienced. From these responses we inferred the value of three different levels of quality defined by visibility, species diversity, and percent coral cover. We used random utility theory and mixed logit to analyze the choice questions. Our sample size was 211, and our survey response rate is 75%. For modest changes in quality we estimate per person annual losses at $45. For larger losses the value is $192.
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Suggested Citation

  • George Parsons & Steven Thur, 2008. "Valuing Changes in the Quality of Coral Reef Ecosystems: A Stated Preference Study of SCUBA Diving in the Bonaire National Marine Park," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 40(4), pages 593-608, August.
  • Handle: RePEc:kap:enreec:v:40:y:2008:i:4:p:593-608
    DOI: 10.1007/s10640-007-9171-y
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    References listed on IDEAS

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    1. Moberg, Fredrik & Folke, Carl, 1999. "Ecological goods and services of coral reef ecosystems," Ecological Economics, Elsevier, vol. 29(2), pages 215-233, May.
    2. Train, K. & Weeks, M., 2004. "Discrete Choice Models in Preference Space and Willingness-to Pay Space," Cambridge Working Papers in Economics 0443, Faculty of Economics, University of Cambridge.
    3. Louviere,Jordan J. & Hensher,David A. & Swait,Joffre D. With contributions by-Name:Adamowicz,Wiktor, 2000. "Stated Choice Methods," Cambridge Books, Cambridge University Press, number 9780521788304, April.
    4. Train,Kenneth E., 2009. "Discrete Choice Methods with Simulation," Cambridge Books, Cambridge University Press, number 9780521747387, April.
    5. Train, Kenneth & Wilson, Wesley W., 2008. "Estimation on stated-preference experiments constructed from revealed-preference choices," Transportation Research Part B: Methodological, Elsevier, vol. 42(3), pages 191-203, March.
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    Citations

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    Cited by:

    1. Paudel, Krishna P. & Caffey, Rex H. & Devkota, Nirmala, 2011. "An Evaluation of Factors Affecting the Choice of Coastal Recreational Activities," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 43(2), pages 167-179, May.
    2. Schuhmann, Peter W. & Mahon, Robin, 2015. "The valuation of marine ecosystem goods and services in the Caribbean: A literature review and framework for future valuation efforts," Ecosystem Services, Elsevier, vol. 11(C), pages 56-66.
    3. Luís C. Rodrigues & Jeroen C. J. M. Bergh & Maria L. Loureiro & Paulo A. L. D. Nunes & Sergio Rossi, 2016. "The Cost of Mediterranean Sea Warming and Acidification: A Choice Experiment Among Scuba Divers at Medes Islands, Spain," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 63(2), pages 289-311, February.
    4. Weijerman, Mariska & Grace-McCaskey, Cynthia & Grafeld, Shanna L. & Kotowicz, Dawn M. & Oleson, Kirsten L.L. & van Putten, Ingrid E., 2016. "Towards an ecosystem-based approach of Guam's coral reefs: The human dimension," Marine Policy, Elsevier, vol. 63(C), pages 8-17.
    5. Fitzpatrick, Luke & Parmeter, Christopher F. & Agar, Juan, 2017. "Threshold Effects in Meta-Analyses With Application to Benefit Transfer for Coral Reef Valuation," Ecological Economics, Elsevier, vol. 133(C), pages 74-85.
    6. Grafeld, Shanna & Oleson, Kirsten & Barnes, Michele & Peng, Marcus & Chan, Catherine & Weijerman, Mariska, 2016. "Divers' willingness to pay for improved coral reef conditions in Guam: An untapped source of funding for management and conservation?," Ecological Economics, Elsevier, vol. 128(C), pages 202-213.
    7. Marit E. Kragt & Peter C. Roebeling & Arjan Ruijs, 2009. "Effects of Great Barrier Reef degradation on recreational reef-trip demand: a contingent behaviour approach ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(2), pages 213-229, April.
    8. Londoño, Luz M. & Johnston, Robert J., 2012. "Enhancing the reliability of benefit transfer over heterogeneous sites: A meta-analysis of international coral reef values," Ecological Economics, Elsevier, vol. 78(C), pages 80-89.
    9. Beharry-Borg, Nesha & Scarpa, Riccardo, 2010. "Valuing quality changes in Caribbean coastal waters for heterogeneous beach visitors," Ecological Economics, Elsevier, vol. 69(5), pages 1124-1139, March.
    10. Gill, David A. & Schuhmann, Peter W. & Oxenford, Hazel A., 2015. "Recreational diver preferences for reef fish attributes: Economic implications of future change," Ecological Economics, Elsevier, vol. 111(C), pages 48-57.
    11. Sonja S. Teelucksingh & Paulo A.L.D. Nunes, 2010. "Biodiversity Valuation in Developing Countries: A Focus on Small Island Developing States (SIDS)," Working Papers 2010.111, Fondazione Eni Enrico Mattei.
    12. Aanesen, Margrethe & Armstrong, Claire & Czajkowski, Mikołaj & Falk-Petersen, Jannike & Hanley, Nick & Navrud, Ståle, 2015. "Willingness to pay for unfamiliar public goods: Preserving cold-water coral in Norway," Ecological Economics, Elsevier, vol. 112(C), pages 53-67.

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