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Estimating the Option Value of Ashtamudi Estuary in South India: a contingent valuation approach

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  • Anoop, P.
  • Suryaprakash, Satrasala

Abstract

Ashtamudi estuary of south India provides many direct and indirect use values to the local community in terms of fishing, coconut husk retting, recreation and inland navigation. Nowadays the estuary is facing many threats like pollution, reclamation, injudicious fishing practices etc. At the same time it is having many potential future uses also. So it is imperative to assess the option value of the estuary to appraise the importance to conserve it. Here a contingent valuation method is applied for the assessment. The high option value of the estuary indicates the urgent need of conserving it for the potential future uses.

Suggested Citation

  • Anoop, P. & Suryaprakash, Satrasala, 2008. "Estimating the Option Value of Ashtamudi Estuary in South India: a contingent valuation approach," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 43607, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae08:43607
    DOI: 10.22004/ag.econ.43607
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    References listed on IDEAS

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    1. Timothy Park & John B. Loomis & Michael Creel, 1991. "Confidence Intervals for Evaluating Benefits Estimates from Dichotomous Choice Contingent Valuation Studies," Land Economics, University of Wisconsin Press, vol. 67(1), pages 64-73.
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    2. Ishfaq Ahmad Sheergojri & Irfan Rashid & Ishfaq ul Rehman, 2024. "Systematic review of wetland ecosystem services valuation in India: assessing economic approaches, knowledge gaps, and management implications," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 14(1), pages 167-179, March.
    3. Ghermandi, Andrea & Sheela, Albert Moses & Justus, Joseph, 2016. "Integrating similarity analysis and ecosystem service value transfer: Results from a tropical coastal wetland in India," Ecosystem Services, Elsevier, vol. 22(PA), pages 73-82.
    4. Pranab Mukhopadhyay & Vanessa da Costa, 2015. "Recreational Value of Coastal and Marine Ecosystems in India: A Partial Estimate," Working Papers 2015-124, Madras School of Economics,Chennai,India.

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