Economic Values of Coastal Erosion Management: Joint Estimation of Use and Existence Values with recreation demand and contingent valuation data

Revealed and stated preference survey data from North Carolina households are utilized to estimate structural micro-econometric models of recreation demand and willingness-to-pay (WTP) for coastal erosion management among beach visitors and non-visitors. We test for and reject weak complementarity,...

Full description

Saved in:
Bibliographic Details
Published inJournal of environmental economics and management Vol. 103; p. 102364
Main Authors Landry, Craig E., Shonkwiler, J. Scott, Whitehead, John C.
Format Journal Article
LanguageEnglish
Published Elsevier Inc 01.09.2020
Subjects
Beach
Demand
Economic
Erosion
Management
Recreation
Value
Demand
Beach
Q24
Economic
D78
Q26
Recreation
H43
Value
Management
Q51
Erosion
Online AccessGet full text

Cover

More Information
Summary:Revealed and stated preference survey data from North Carolina households are utilized to estimate structural micro-econometric models of recreation demand and willingness-to-pay (WTP) for coastal erosion management among beach visitors and non-visitors. We test for and reject weak complementarity, implying existence values associated with management of North Carolina’s beaches. We find stronger preferences for shoreline retreat (median WTP = $22.20 per household, per year) as a management strategy relative to beach nourishment (WTP = $7.91), and we find substantially weaker preferences for shoreline armoring (WTP = $0.09). Shoreline retreat exhibits much larger estimates of existence values, whereas existence values for shoreline armoring are negative. Our data permit estimates of marginal value of incremental beach width accruing to beach users and non-users (which range from $0.23 and $0.48 per meter).
ISSN:0095-0696
1096-0449
DOI:10.1016/j.jeem.2020.102364