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Recreational Boater Willingness to Pay for a Dredging and Maintenance Program for the Atlantic Intracoastal Waterway in North Carolina

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  • John C. Whitehead
  • Jim Herstine
  • Christopher F. Dumas

Abstract

We estimate the changes in value of recreational boating with a dredging program along the Atlantic Intracoastal Waterway (AIWW) in North Carolina. We use willingness to pay data from the contingent valuation method and stated preference data on trip changes. Willingness to pay depends in expected ways on the magnitude of trip change and income. We find that each recreational boater would be willing to pay $97 annually in the form of a surcharge on their boat registration fee. The aggregate annual benefits of the dredging and maintenance policy are $20.5 million.

Suggested Citation

  • John C. Whitehead & Jim Herstine & Christopher F. Dumas, 2007. "Recreational Boater Willingness to Pay for a Dredging and Maintenance Program for the Atlantic Intracoastal Waterway in North Carolina," Working Papers 07-10, Department of Economics, Appalachian State University.
    • Handle: RePEc:apl:wpaper:07-10
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    References listed on IDEAS

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    1. Trudy Ann Cameron, 1991. "Interval Estimates of Non-Market Resource Values from Referendum Contingent Valuation Surveys," Land Economics, University of Wisconsin Press, vol. 67(4), pages 413-421.
    2. Cameron, Trudy Ann & James, Michelle D, 1987. "Efficient Estimation Methods for "Closed-ended' Contingent Valuation Surveys," The Review of Economics and Statistics, MIT Press, vol. 69(2), pages 269-276, May.
    3. Whitehead, John C., 2005. "Combining willingness to pay and behavior data with limited information," Resource and Energy Economics, Elsevier, vol. 27(2), pages 143-155, June.
    4. Richard T. Carson, 2011. "Contingent Valuation," Books, Edward Elgar Publishing, number 2489.
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