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Journal article
Diving Demand for Large Ship Artificial Reefs
Marine resource economics, Vol.24(1), pp.43-59
03/01/2009
Abstract
Using data drawn from a web-based travel cost survey, we jointly model revealed and stated preference trip count data in an attempt to estimate the recreational use value from diving the intentionally sunk USS Oriskany. Respondents were asked to report their: (i) actual trips from the previous year, (ii) anticipated trips in the next year, and (iii) anticipated trips next year assuming a second diveable vessel (a Spruance class destroyer) is sunk in the same vicinity. Results from several different model specifications indicate average per-person, per-trip use values range from $480 to $750. The “bundling” of a second vessel in the area of the Oriskany to create a multiple-ship artificial reef area adds between $220 and $1,160 per diver per year in value. JEL Classification Codes: Q26, Q50
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Details
- Title
- Diving Demand for Large Ship Artificial Reefs
- Publication Details
- Marine resource economics, Vol.24(1), pp.43-59
- Resource Type
- Journal article
- Publisher
- MRE Foundation, Inc
- Copyright
- © 2009 MRE Foundation, Inc.
- Identifiers
- 99380171979306600
- Academic Unit
- Commerce; Lewis Bear Jr. College of Business
- Language
- English