Valuing Beach Renourishment: Is it Preservation?

34 Pages Posted: 25 Oct 1997

See all articles by Rebecca P. Judge

Rebecca P. Judge

Saint Olaf College - Department of Economics

Laura L. Osborne

affiliation not provided to SSRN

V. Kerry Smith

Arizona State University (ASU) - Economics Department; National Bureau of Economic Research (NBER)

Date Written: June 1995

Abstract

A proposed plan to preserve beach and beach access along the Cape Hatteras National Seashore through beach re-nourishment offers the opportunity to apply contingent valuation techniques to explore the implications of three sources of preference heterogeneity for measures of people's willingness to pay. Preferences are modeled as functions of: (a) attitudes, socio-economic and demographic characteristics; (b) past experience with the Cape Hatteras area; (c) anticipated future use; and (d) knowledge about the problem and proposed plans to address it. We find that while income and environmentalist attitudes have limited indirect effects on respondent willingness to pay for beach re-nourishment, past and future use of the resource, as well as respondent knowledge about the re-nourishment plan, directly affect willingness to pay.

JEL Classification: Q26

Suggested Citation

Judge, Rebecca P. and Osborne, Laura L. and Smith, V. Kerry, Valuing Beach Renourishment: Is it Preservation? (June 1995). Available at SSRN: https://ssrn.com/abstract=31985 or http://dx.doi.org/10.2139/ssrn.31985

Rebecca P. Judge (Contact Author)

Saint Olaf College - Department of Economics ( email )

Holland Hall, Room 409
Northfield, MN 55057
507-646-3358 (Phone)

Laura L. Osborne

affiliation not provided to SSRN

V. Kerry Smith

Arizona State University (ASU) - Economics Department ( email )

Tempe, AZ 85287-3806
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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