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Valuing Beach Closures on the Padre Island National Seashore

Author

Listed:
  • George R. Parsons

    () (Graduate College of Marine Studies and Department of Economics,University of Delaware)

  • Christopher Leggett

    (Industrial Economics, Incorporated)

  • Kevin Boyle

    (Department of Agriculture and Applied Economics, Virginia Tech)

  • Ami Kang

    (Graduate College of Marine Studies, University of Delaware)

Abstract

In this paper we estimate the economic loss of hypothetical beach closures on the Padre Island National Seashore on the Gulf Coast of Texas. We use a travel cost random utility maximization (RUM) model with data from a random phone survey of Texas residents completed in 2001. We simulate realistic closures that may occur in event of an oil spill or other disruption. For comparison we valued the loss of beach closures in the heavily populated Galveston area. The aggregate losses on Padre Island were highest on weekend days in July estimated at $171,000 per day of closure(2001$). They were lowest on weekdays in September at $25,000. Per trip losses were about $28. A similar closure of beaches near Galveston resulted in losses of $263,000 (week day) and $852,000 (weekend day) with a per trip loss of $30.

Suggested Citation

  • George R. Parsons & Christopher Leggett & Kevin Boyle & Ami Kang, 2008. "Valuing Beach Closures on the Padre Island National Seashore," Working Papers 08-10, University of Delaware, Department of Economics.
  • Handle: RePEc:dlw:wpaper:08-10.
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    File URL: http://graduate.lerner.udel.edu/sites/default/files/ECON/PDFs/RePEc/dlw/WorkingPapers/2008/UDWP2008-10.pdf
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    More about this item

    Keywords

    random utility model; beach use; non-market valuation;

    JEL classification:

    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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