Demand for Diving on Large Ship Artificial Reefs

Ash Morgan (), D. Matthew Massey and William L. Huth

No 09-09, Working Papers from Department of Economics, Appalachian State University

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: (1) actual trips from the previous year, (2) anticipated trip in the next year, and (3) anticipated trip 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. Key Words: Artificial reefs, diving, recreation demand, combined revealed and stated preferences, non-market valuation

JEL-codes: Q26 Q50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-tur
Date: 2009
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Persistent link: http://EconPapers.repec.org/RePEc:apl:wpaper:09-09

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