Using contingent behaviour analysis to estimate benefits from coral reefs in Kume Island, Japan: A Poisson‐inverse Gaussian approach with on‐site correction

Katsuhito Nohara, Masaki Narukawa and Akira Hibiki

Australian Journal of Agricultural and Resource Economics, 2024, vol. 68, issue 4, 752-768

Abstract: Coral reefs face a critical crisis worldwide because of rising ocean temperature, excessive use of resources and soil erosion. As reefs have great recreational and tourism value, the degradation of their quality may have a significant effect on tourism. This study employs a contingent behaviour approach to estimate the effect of reef extinction on the recreational demand for Kume Island, Okinawa, Japan. We propose a Poisson‐inverse Gaussian (PIG) model with correction for on‐site sampling issues to derive a more accurate estimate of consumer surplus (CS). The results show that the annual CS per‐person trip is 5898 yen (US$ 49.15 in 2015 currency) according to the random‐effects PIG model.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bla:ajarec:v:68:y:2024:i:4:p:752-768

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