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Economic valuation of preventing beach erosion: comparing existing and non-existing beach markets with stated and revealed preferences

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  • Ivana Logar
  • Jeroen C.J.M. van den Bergh

Abstract

Predicted climate change is likely to increase beach erosion in the future, inducing higher costs of beach maintenance. Hence, additional funds for their protection will be required. We examine the willingness to pay (WTP) of beach visitors for preventing beach erosion in the form of daily beach entrance fees in Crikvenica, Croatia, by applying the contingent valuation method. This is the first beach valuation study for this country in transition which has emerged as an important Mediterranean tourist destination. The novelty of our study is that it compares WTP estimates for an existing and a non-existing beach market. This is done by conducting a survey at the beach where an entrance fee is already levied and at the nearest open-access beach. Based on the initial (follow-up) valuation question, the stated WTP per adult per day for avoiding beach erosion equals €1.69 (€1.26) for the paid beach and €2.08 (€1.84) for the free beach. In addition, the travel cost method is employed. It reveals that consumer surpluses for visiting the paid and the free beach amount to €2.57 and €1.74, respectively.

Suggested Citation

  • Ivana Logar & Jeroen C.J.M. van den Bergh, 2014. "Economic valuation of preventing beach erosion: comparing existing and non-existing beach markets with stated and revealed preferences," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 3(1), pages 46-66, March.
    • Handle: RePEc:taf:teepxx:v:3:y:2014:i:1:p:46-66
    DOI: 10.1080/21606544.2013.863742
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    References listed on IDEAS

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    1. Frank A. Ward & Diana Beal, 2000. "Valuing Nature with Travel Cost Models," Books, Edward Elgar Publishing, number 1768.
    2. Ian J. Bateman & Richard T. Carson & Brett Day & Michael Hanemann & Nick Hanley & Tannis Hett & Michael Jones-Lee & Graham Loomes, 2002. "Economic Valuation with Stated Preference Techniques," Books, Edward Elgar Publishing, number 2639.
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    Cited by:

    1. Nguyen, Manh-Hung & Nguyen, Thi Lan Anh & Nguyen, Tuan & Reynaud, Arnaud & Simioni, Michel & Hoang, Viet-Ngu, 2021. "Economic analysis of choices among differing measures to manage coastal erosion in Hoi An (a UNESCO World Heritage Site)," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 529-543.
    2. Nguyen An Thinh & Nguyen Ngoc Thanh & Luong Thi Tuyen & Luc Hens, 2019. "Tourism and beach erosion: valuing the damage of beach erosion for tourism in the Hoi An World Heritage site, Vietnam," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 21(5), pages 2113-2124, October.

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