Effects of coral reef attribute damage on recreational welfare

Jeffrey Wielgus, Nanette E. Chadwick-Furman, Naomi Zeitouni, Mordechai Shechter

Research output: Contribution to journalArticlepeer-review


This paper presents the results of an economic valuation of coral reef degradation at Eilat, Israeli Red Sea. We estimate the marginal prices of coral and fish diversity and water visibility at US$2.60 and US$1.20 per dive, respectively. From the standpoint of recreational diving welfare, the annual social costs of activities contributing to coral reef degradation are approximately US$2.86 million. To our knowledge, this is the first economic valuation of individual coral reef attributes and the first application of a choice experiment to coral reef valuation.

Original languageEnglish
Pages (from-to)225-237
Number of pages13
JournalMarine Resource Economics
Issue number3
StatePublished - 2003


  • Attribute
  • Biodiversity
  • Choice
  • Coral reef
  • Damage
  • Diving
  • Economic value
  • Pollution
  • Recreation
  • Welfare

ASJC Scopus subject areas

  • Oceanography
  • Geography, Planning and Development
  • Economics and Econometrics
  • Management, Monitoring, Policy and Law


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