Beach Quality and Recreational Values: A Pictorialized Stated Preference Analysis of Residents and Tourists
Much of Hawaii’s economy relies on its unique marine environments, which are threatened by degradation from stormwater runoff. Using a stated preference method of choice-based conjoint (CBC) analysis, based on stylized photographs, this study examines both residents’ and visitors’ marginal value for levels of attributes associated with Hawaiian beach recreation. Each attribute (sand quality, water quality, congestion and water safety conditions) was significant for both residents and tourists, with water quality being the single most important attribute. There is little distinction between resident and tourist marginal value, except for a greater value lost for below average water quality among tourists.
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- James Mak & James E.T. Moncur, 1996.
"Political Economy of Protecting Unique Recreational Resources: Hanauma Bay, Hawai'i,"
199606, University of Hawaii at Manoa, Department of Economics.
- James E.T. Moncur & James Mak, 1997. "Political Economy of Protecting Unique Recreational Resources: Hanauma Bay, Hawaii," Working Papers 199708, University of Hawaii at Manoa, Department of Economics.
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- Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132-132.
- Kenneth E. Train, 1998. "Recreation Demand Models with Taste Differences over People," Land Economics, University of Wisconsin Press, vol. 74(2), pages 230-239. Full references (including those not matched with items on IDEAS)
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