Using contingent behavior 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

No 54, TUPD Discussion Papers from Graduate School of Economics and Management, Tohoku University

Abstract: Coral reefs face a critical crisis worldwide because of rising ocean temperature, excessive use of resources, and red 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 behavior 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. The results show that the annual consumer surplus per person trip is 5,898 yen (US$ 49.15 in 2015 currency) according to the random-effects PIG model.

Pages: 23 pages
Date: 2024-09
New Economics Papers: this item is included in nep-env and nep-tur
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http://hdl.handle.net/10097/0002002579

Related works:
Working Paper: Using contingent behavior analysis to estimate benefits from coral reefs in Kume Island, Japan: A Poisson-inverse Gaussian approach with on-site correction (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:toh:tupdaa:54

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