Using revealed and stated preference data to estimate the scope and access benefits associated with cave diving

Morgan, O. Ashton; Huth, William L.

doi:10.1016/j.reseneeco.2010.01.005

Cited by 17 publications

(14 citation statements)

References 20 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Dividing the consumer surplus per group by the sample mean of visitor group size, we obtain the consumer surplus per person per trip, which is $28.91. Compared to other studies on recreation in springs, per person per trip consumer surplus from this paper is higher than the estimates in Shrestha et al [10] and smaller than Morgan and Huth [12]. Given the average expected trip frequency of 2.33, the annual consumer surplus per person per year is $67.36.…”

Section: Consumer Surpluscontrasting

confidence: 65%

“…Columns 1 and 3 report the estimated logit models without correcting for endogenous stratification; and Columns 2 and 4 report the corrected estimates. Standard errors in parentheses: ***p<0.01, **p<0.05, *p<0.1 12 For brevity we report the results of WESML for correction of endogenous stratification. Using trip frequency as weights produces similar results.…”

Section: Consumer Surplusmentioning

confidence: 99%

“…Additionally, we estimate visitors' willingness to contribute to preserve the springs, thereby providing empirical evidence on the extent to which revenues generated by visitors could be used to support and sustain springs restoration. In contrast, previous studies have documented the economic impact of springs on the local economy [5,7] and a few have examined the recreation benefits of springs in a limited geographic area (i.e., in the Ocala National Forest) or focused on unique recreation activities such as cave-diving [10][11][12].…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Valuing Recreation Benefits of Natural Springs in Florida

Wu¹,

Bi²,

Grogan³

et al. 2018

Preprint

View full text Add to dashboard Cite

Fresh water springs are unique natural resources in Florida, currently under threat from increasing groundwater pumping and pollution resulting from a variety of sources. This paper estimates current recreation benefits from visiting springs using the travel cost method and elicits residents' willingness to contribute for springs restoration using the contingent valuation method. It further compares the performance of count data models correcting for endogenous stratification and truncation, and finds that the annual consumer surplus per person per trip is between $20 and $43.

show abstract

Section: Consumer Surpluscontrasting

confidence: 65%

Section: Consumer Surplusmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Valuing Recreation Benefits of Natural Springs in Florida

Wu¹,

Bi²,

Grogan³

et al. 2018

Preprint

View full text Add to dashboard Cite

show abstract

“…The socio-demographic and diver certification explanatory variables in the model were selected for inclusion based on their statistical importance in other recreational diving studies (Mathieu, Langford, and Kenyon 2003;Lindsey and Holmes 2002;Morgan, Massey, and Huth 2009;Morgan and Huth 2010). With regard to modeling, two different model specifications were run for each new cave and cavern dive scenario.…”

Section: Resultsmentioning

confidence: 99%

“…The most recent application is by Morgan, Massey, and Huth (2009) Despite the contribution of research directed at valuing recreational diving, and the growing participation in the sport, no one has considered the WTP associated with cave and cavern diving. The only research that is close in nature to this article was a TCM application by Morgan and Huth (2010) that measured the improved access benefits and scope effects of extending the current cave system at another dive site in Florida.…”

Section: Literature Reviewmentioning

confidence: 99%

Measuring the Willingness to Pay for Cave Diving

Huth

Morgan

2011

Marine Resource Economics

Self Cite

View full text Add to dashboard Cite

Fresh water springs are unique natural resources that are contained within public lands across the United States. Natural resource management on public lands generates many interesting policy issues as the competing goals of conservation, recreational opportunity provision, and revenue generation often clash. As demand for recreational cave diving sites increases, this article provides natural resource site managers with the first statistical estimate of divers' willingness to pay (WTP) to dive cave and cavern systems. Using a contingent valuation model (CVM) and correcting for hypothetical bias, we find that divers' median WTP for cave diving opportunities at the site of interest is between $52 and $83 per dive. Model results also provide weak evidence of diver sensitivity with respect to scope, as individuals are willing to pay more for dives that are judged to be higher in quality. A unique natural resource in the state of Florida is the number and size of fresh water springs. The Florida Geological Survey has inventoried more than 700 springs, of which 33 are considered first magnitude, or those that have an average flow of 100 cubic feet per second (2.83 cubic meters per second) or more. The concentration of springs in Florida is not duplicated anywhere else on the earth. The Florida Department of Environmental Protection (DEP) has the management responsibility for Florida's public lands and the Division of Recreation and Parks (DRP) manages a system of 160 state parks that combine to put 700,000 acres scattered throughout the state under public management (Florida DEP 2009). Approximately 70% of Florida's parks are related in some way to a natural spring. Natural resource management on public lands generates many interesting policy issues. The competing goals of conservation, recreational opportunity provision, and revenue generation often clash. In recent times, as Florida public sector budgets have shrunk, natural resource managers have begun to search for revenue generation alternatives. This situation is especially true in Florida, and recently the DRP increased entrance fees for state parks. For federal funding purposes, states are required to publish recreation plans every five years. The most recent plan for Florida was produced by the Florida DEP in 2007. Chapter 5 of the plan addresses "outdoor demand and need," and it is stated that "Since outdoor recreation resources and facilities are generally felt to be 'free' goods and services, 'demand,' as an economic concept, does not lend itself to practical application" (Florida DEP 2009). This article takes a first step towards providing a mechanism for practical application of demand measurement for a resource with public good elements. Because springs are an important natural resource in Florida and a key element in many state parks, a spring-based state park was selected for the contingent valuation demand modeling that follows. In doing so, we provide the first estimate of individuals' WTP for SCUBA diving at U.S. fresh water cavern and ca...

show abstract

Travel Cost Models

Parsons

2017

The Economics of Non-Market Goods and Resources

View full text Add to dashboard Cite

Using revealed and stated preference data to estimate the scope and access benefits associated with cave diving

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.

Cited by 17 publications

References 20 publications

Valuing Recreation Benefits of Natural Springs in Florida

Valuing Recreation Benefits of Natural Springs in Florida

Measuring the Willingness to Pay for Cave Diving

Travel Cost Models

Contact Info

Product

Resources

About