Using contingent behaviour analysis to estimate benefits from coral reefs in Kume Island, Japan: A Poisson-inverse Gaussian approach with on-site correction
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引用次数: 0
Abstract
Coral reefs face a critical crisis worldwide because of rising ocean temperature, excessive use of resources and soil erosion. As reefs have great recreational and tourism value, the degradation of their quality may have a significant effect on tourism. This study employs a contingent behaviour approach to estimate the effect of reef extinction on the recreational demand for Kume Island, Okinawa, Japan. We propose a Poisson-inverse Gaussian (PIG) model with correction for on-site sampling issues to derive a more accurate estimate of consumer surplus (CS). The results show that the annual CS per-person trip is 5898 yen (US$ 49.15 in 2015 currency) according to the random-effects PIG model.
期刊介绍:
The Australian Journal of Agricultural and Resource Economics (AJARE) provides a forum for innovative and scholarly work in agricultural and resource economics. First published in 1997, the Journal succeeds the Australian Journal of Agricultural Economics and the Review of Marketing and Agricultural Economics, upholding the tradition of these long-established journals.
Accordingly, the editors are guided by the following objectives:
-To maintain a high standard of analytical rigour offering sufficient variety of content so as to appeal to a broad spectrum of both academic and professional economists and policymakers.
-In maintaining the tradition of its predecessor journals, to combine articles with policy reviews and surveys of key analytical issues in agricultural and resource economics.