Valuing Beach Access and Width with Revealed and Stated Preference Data
In this paper we present results from a study of recreation demand of southern North Carolina beaches. We combine revealed preference and stated preference data in order to estimate the changes in recreation demand that might occur with beach nourishment and parking improvements necessary to satisfy the requirements for US Army Corps of Engineers cost-share. We illustrate the numerous ways that hypothetical bias in contingent behavior data can lead to increases in the estimates of the economic benefits of recreation and recreation quality improvement. Hypothetical bias affects the number of trips and slope coefficients. Hypothetical bias does not affect elasticity or consumer surplus per trip estimates. When the product of trips and consumer surplus per trip is taken to estimate consumer surplus per season, hypothetical bias leads to upwardly biased seasonal consumer surplus estimates. These results suggest that stated preference recreation demand data, in isolation, is suitable for estimation of consumer surplus per trip but not consumer surplus per season.
|Date of creation:||2006|
|Contact details of provider:|| Postal: Thelma C. Raley Hall, Boone, North Carolina 28608|
Web page: http://economics.appstate.edu/
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- John C. Whitehead & Subhrendu K. Pattanayak & George L. Van Houtven & Brett R. Gelso, 2008.
"Combining Revealed And Stated Preference Data To Estimate The Nonmarket Value Of Ecological Services: An Assessment Of The State Of The Science,"
Journal of Economic Surveys,
Wiley Blackwell, vol. 22(5), pages 872-908, December.
- John C. Whitehead & Subhrendu K. Pattanayak & George L. Van Houtven & Brett R. Gelso, 2005. "Combining Revealed and Stated Preference Data to Estimate the Nonmarket Value of Ecological Services: An Assessment of the State of the Science," Working Papers 05-19, Department of Economics, Appalachian State University, revised 2007.
- Frederick W. Bell, 1986. "Economic Policy Issues Associated With Beach Renourishment," Review of Policy Research, Policy Studies Organization, vol. 6(2), pages 374-381, November.
- Whitehead, John C. & Haab, Timothy C. & Huang, Ju-Chin, 2000. "Measuring recreation benefits of quality improvements with revealed and stated behavior data," Resource and Energy Economics, Elsevier, vol. 22(4), pages 339-354, October.
- John C. Whitehead & Timothy C. Haab & Ju-Chin Huang, 1999. "Measuring Recreation Benefits of Quality Improvements with Revealed and Stated Behavior Data," Working Papers 9902, East Carolina University, Department of Economics.
- Kenneth E. McConnell, 1977. "Congestion and Willingness to Pay: A Study of Beach Use," Land Economics, University of Wisconsin Press, vol. 53(2), pages 185-195. Full references (including those not matched with items on IDEAS)
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