Compensatory Restoration in a Random Utility Model of Recreation Demand

"Natural Resource Damage Assessment cases often call for compensation in non-monetary or restoration equivalent terms. In this article, we present an approach that uses a conventional economic model, a travel cost random utility model of site choice, to determine compensatory restoration equivalents for hypothetical beach closures on the Gulf Coast of Texas. Our focus is on closures of beaches on the Padre Island National Seashore and compensation for day-trip users. We identify restoration projects that compensate for beach closures and that have good alignment in terms of compensating those who actually suffer from the closures." ("JEL" Q26) Copyright (c) 2010 Western Economic Association International.

[1]  Katherine A. Pease,et al.  RESTORATION-BASED COMPENSATION MEASURES IN NATURAL RESOURCE LIABILITY STATUTES , 1997 .

[2]  J. Whitehead,et al.  Convergent Validity of Revealed and Stated Recreation Behavior with Quality Change: A Comparison of Multiple and Single Site Demands , 2010 .

[3]  B. Sohngen,et al.  Valuing water quality advisories and beach amenities in the Great Lakes , 2001 .

[4]  The Habitat‐Based Replacement Cost Method for Assessing Monetary Damages for Fish Resource Injuries , 2004 .

[5]  G. Parsons,et al.  A random utility model of beach recreation , 2003 .

[6]  G. Parsons.  The Travel Cost Model , 2003 .

[7]  Richard A. Falk,et al.  Who Needs It , 1975 .

[8]  Michael S. Needelman,et al.  Recreational Swimming Benefits of New Hampshire Lake Water Quality Policies: An Application of a Repeated Discrete Choice Model , 1995, Agricultural and Resource Economics Review.

[9]  Kenneth E. Train,et al.  Discrete Choice Methods with Simulation , 2016 .

[10]  Daniel K. Lew,et al.  Valuing a Beach Day with a Repeated Nested Logit Model of Participation, Site Choice, and Stochastic Time Value , 2008, Marine Resource Economics.

[11]  Richard C. Bishop,et al.  Assessing natural resource damages using environmental annuities , 1994 .

[12]  T. Penn,et al.  Calculating Resource Restoration for an Oil Discharge in Lake Barre, Louisiana, USA , 2002, Environmental management.

[13]  Daniel K. Lew,et al.  Valuing Recreation and Amenities at San Diego County Beaches , 2005 .

[14]  Nicholas E. Flores,et al.  Money, Who Needs It? Natural Resource Damage Assessment , 2002 .