Using Revealed And Stated Preference Data To Estimate The Scope And Access Benefits Associated With Cave Diving
- ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
- Ashton Morgan Ph.D., Assistant Professor (Creator)
- Institution
- Appalachian State University (ASU )
- Web Site: https://library.appstate.edu/
Abstract: In a single-site travel cost model framework, revealed and stated preference data are jointly estimated to provide the first use-value estimate associated with recreational cave diving. Focusing on one of Florida's first magnitude springs, we estimate average per-person per-trip use values of approximately $155, generating annual cave diving use values in the region of $1075. Further, in an investigation of potential site quality changes, we find that divers are sensitive to scope effects with an additional cave system increasing annual per-person use values by approximately $100, while improved access yields an additional $50 in per-person annual consumer surplus. Finally, three additional model specifications are estimated and indicate that divers use different travel cost preferences when assessing their revealed and stated preference trip counts but a single preference structure to evaluate site quality changes.
Using Revealed And Stated Preference Data To Estimate The Scope And Access Benefits Associated With Cave Diving
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Created on 5/22/2012
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Additional Information
- Publication
- Morgan, O. A., and Huth, W.L. (2011) “Using Revealed And Stated Preference Data To Estimate The Scope And Access Benefits Associated With Cave Diving”. Resource and Energy Economics, 33(1): 107-118 (ISSN: 0928-7655) Version Of Record Available At www.sciencedirect.com
- Language: English
- Date: 2011
- Keywords
- cave diving, florida, magnitude springs, travel cost method