A Revealed Preference Approach To Valuing Non-market Recreational Fishing Losses From The Deepwater Horizon Oil Spill
- ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
- John Whitehead Ph.D., Professor & Department Chair (Creator)
- Institution
- Appalachian State University (ASU )
- Web Site: https://library.appstate.edu/
Abstract: At an estimated 206 million gallons, the Deepwater Horizon (DWH) is the largest marine oil spill in the history of the United States. In this paper we develop a series of random utility models of site choice by saltwater anglers in the Southeast US and estimate monetary compensation for recreational losses due to the DWH oil spill. Heterogeneity in angler preferences is accounted for by using mixed logit models, and different compensation measures for shore-based, private boat, and for-hire anglers are estimated. Re- sults indicate that willingness to pay for oil spill prevention varies by fishing mode and anglers fishing from shore and private boats exhibit heterogeneous preferences for oil spill avoidance. In addition, the total monetary compensation due to anglers is estimated at USD 585 million
Additional Information
- Publication
- Sergio Alvarez, Sherry L. Larkin, John C. Whitehead, Tim Haab (2014). "A Revealed Preference Approach To Valuing Non-market Recreational Fishing Losses From The Deepwater Horizon Oil Spill." Journal of Environmental Management#145 pp.199-209 Version of Record available @ (http://dx.doi.org/10.1016/j.jenvman.2014.06.031)
- Language: English
- Date: 2014
- Keywords
- deepwater horizons, oils spills, random utility model, recreational fishing, revealed preference, non-market valuation