Estimating Lost Recreational Use Values of Visitors to Northwest Florida due to the Deepwater Horizon Oil Spill Using Cancelled Trip Data
John Whitehead (),
Tim Haab (),
Sherry L. Larkin,
Sergio Alvarez and
Marine Resource Economics, 2018, vol. 33, issue 2, 119 - 132
The lost recreational use values from the BP/Deepwater Horizon oil spill in the Gulf of Mexico were estimated from cancelled recreational trips to Northwest Florida. The impacts were calculated using the travel cost method for a single site with primary data collected from an online survey conducted after the spill. The data were collected in August and September 2011 with respondents residing in 13 US states that constitute the primary domestic market for coastal tourism to Northwest Florida. The survey gathered information from respondents on their recreational visits, including detailed information on their past trips and the number of trips cancelled to the study region due to the oil spill. The empirical analysis involves the estimation of a random parameter negative binomial count data demand model. Using this model we find significant preference heterogeneity surrounding the effects of the oil spill. Aggregate damages are estimated to be $207 million.
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to the online full text or PDF requires a subscription.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ucp:mresec:doi:10.1086/697560
Access Statistics for this article
More articles in Marine Resource Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().