1 / 14

Estimating the recreation value of beach nourishment

Estimating the recreation value of beach nourishment. John Whitehead, Dan Phaneuf, Chris Dumas, Jim Herstine, Jeff Hill, Bob Beurger 2007 AAEA Meetings. A comparison of two demand models. Linked multiple-site revealed preference / trip frequency model

hisoki
Download Presentation

Estimating the recreation value of beach nourishment

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Estimating the recreation value of beach nourishment John Whitehead, Dan Phaneuf, Chris Dumas, Jim Herstine, Jeff Hill, Bob Beurger 2007 AAEA Meetings

  2. A comparison of two demand models • Linked multiple-site revealed preference / trip frequency model • Single-site revealed preference and stated preference model • Convergent validity: • Change in willingness to pay • Change in beach trips

  3. Study Beaches

  4. Data • 2003 Telephone Survey • 351 Respondents • Restricted to those with X = Σxi

  5. SP: Increase average width by 100 feet

  6. Conclusions • Beach nourishment has recreation value • Multiple site and single site models are not convergent valid

  7. Round Table Discussion • How can economists inform coastal management decisions that traditionally rely most heavily on civil and environmental engineering? • How do dynamic models of beach management inform the ways in which we should formulate non-market valuation questions about hazard mitigation and beach amenities? • What insights can recreation remand, hedonic property models, and other representations of preferences for coastal resources provide to dynamic management models? • The round table will also allow the audience to participate in the discussion and pose questions to the panelists.

  8. How can economists inform coastal management decisions that traditionally rely most heavily on civil and environmental engineering?

  9. How do dynamic models of beach management inform the ways in which we should formulate non-market valuation questions about hazard mitigation and beach amenities?

  10. What insights can recreation remand, hedonic property models, and other representations of preferences for coastal resources provide to dynamic management models?

More Related