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Demand for Diving on Large Ship Artificial Reefs

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  • O. Ashton Morgan
  • D. Matthew Massey
  • William L. Huth

Abstract

Using data drawn from a web-based travel cost survey, we jointly model revealed and stated preference trip count data in an attempt to estimate the recreational use value from diving the intentionally sunk USS Oriskany. Respondents were asked to report their: (1) actual trips from the previous year, (2) anticipated trip in the next year, and (3) anticipated trip next year assuming a second diveable vessel (a Spruance class destroyer) is sunk in the same vicinity. Results from several different model specifications indicate average per-person per-trip use values range from $480 to $750. The “bundling” of a second vessel in the area of the Oriskany to create a multiple-ship artificial reef area adds between $220 and $1,160 per diver per year in value. Key Words: Artificial reefs, diving, recreation demand, combined revealed and stated preferences, non-market valuation

Suggested Citation

  • O. Ashton Morgan & D. Matthew Massey & William L. Huth, 2009. "Demand for Diving on Large Ship Artificial Reefs," Working Papers 09-09, Department of Economics, Appalachian State University.
    • Handle: RePEc:apl:wpaper:09-09
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    File URL: http://econ.appstate.edu/RePEc/pdf/wp0909.pdf
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    References listed on IDEAS

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    Cited by:

    1. Paul R. Hindsley & O. Ashton Morgan, 2022. "The Role of Cultural Worldviews in Willingness to Pay for Environmental Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 81(2), pages 243-269, February.

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    More about this item

    Keywords

    artificial reefs; diving; recreation demand; combined revealed and stated preferences; non-market valuation;
    All these keywords.

    JEL classification:

    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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