Work

Using contingent behaviour analysis to estimate benefits from coral reefs in Kume Island, Japan: A Poisson‐inverse Gaussian approach with on‐site correction

Year: 2024

Type: article

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.

Source: Australian Journal of Agricultural and Resource Economics

DOI: 10.1111/1467-8489.12585

Authors: Katsuhito Nohara, Masaki Narukawa, Akira Hibiki

Institutions: Rikkyo University, Tohoku University, Okayama University

Language: English

Topic: Economic and Environmental Valuation

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Life below water

Open Access status: hybrid

Estimated APC paid: $2,710