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Journal article
Measuring the Impact of the BP Deepwater Horizon Oil Spill on Consumer Behavior
Land economics, Vol.92(1), pp.82-95
02/01/2016
Web of Science ID: WOS:000368321200004
Abstract
We exploit the timing of the BP Deepwater Horizon oil spill to develop a unique dataset of oyster consumer actual and anticipated behavior immediately prior to and following the event. A revealed and stated preference model allows both short- and longer-term responses to the spill to be investigated. Findings indicate that the BP spill had a negative impact on oyster demand in terms of short-run actual behavior, although spill effects show signs of dissipating several months following the spill. By accounting for unobserved heterogeneity in the sample, findings further indicate that short- and longer-term spill responses differ across consumer groups.
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Details
- Title
- Measuring the Impact of the BP Deepwater Horizon Oil Spill on Consumer Behavior
- Publication Details
- Land economics, Vol.92(1), pp.82-95
- Resource Type
- Journal article
- Publisher
- Univ Wisconsin Press
- Grant note
- This research was supported by Gulf Oyster Industry Program Grant No. R/LR-Q-32.
- Copyright
- © 2016 by the Board of Regents of the University of Wisconsin System
- Identifiers
- WOS:000368321200004; 99380171583006600
- Academic Unit
- Lewis Bear Jr. College of Business; Commerce
- Language
- English