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Using revealed and stated preference data to estimate the scope and access benefits associated with cave diving

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  • Morgan, O. Ashton
  • Huth, William L.

Abstract

In a single-site travel cost model framework, revealed and stated preference data are jointly estimated to provide the first use-value estimate associated with recreational cave diving. Focusing on one of Florida's first magnitude springs, we estimate average per-person per-trip use values of approximately $155, generating annual cave diving use values in the region of $1075. Further, in an investigation of potential site quality changes, we find that divers are sensitive to scope effects with an additional cave system increasing annual per-person use values by approximately $100, while improved access yields an additional $50 in per-person annual consumer surplus. Finally, three additional model specifications are estimated and indicate that divers use different travel cost preferences when assessing their revealed and stated preference trip counts but a single preference structure to evaluate site quality changes.

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  • Morgan, O. Ashton & Huth, William L., 2011. "Using revealed and stated preference data to estimate the scope and access benefits associated with cave diving," Resource and Energy Economics, Elsevier, vol. 33(1), pages 107-118, January.
    • Handle: RePEc:eee:resene:v:33:y:2011:i:1:p:107-118
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    3. Mariel, Petr & Scarpa, Riccardo & Vega-Bayo, Ainhoa, 2018. "Joint parental school choice: Exploring the influence of individual preferences of husbands and wives," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 23-35.
    4. Khuda Bakhsh & Iqra Meshaal & Hudda Riaz, 2020. "Evaluating visitors’ travel demand and recreational values in Kallar Kahar Lake, Pakistan," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(8), pages 7951-7967, December.
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    6. Hoyos, David & Riera, Pere, 2013. "Convergent validity between revealed and stated recreation demand data: Some empirical evidence from the Basque Country, Spain," Journal of Forest Economics, Elsevier, vol. 19(3), pages 234-248.

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