Effects of coral reef attribute damage on recreational welfare

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

doi:10.1086/mre.18.3.42629397

Effects of coral reef attribute damage on recreational welfare

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

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

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 language	English
Pages (from-to)	225-237
Number of pages	13
Journal	Marine Resource Economics
Volume	18
Issue number	3
DOIs	https://doi.org/10.1086/mre.18.3.42629397
State	Published - 2003

Keywords

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

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1086/mre.18.3.42629397

Cite this

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title = "Effects of coral reef attribute damage on recreational welfare",

abstract = "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.",

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AU - Wielgus, Jeffrey

AU - Chadwick-Furman, Nanette E.

AU - Zeitouni, Naomi

AU - Shechter, Mordechai

PY - 2003

Y1 - 2003

N2 - 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.

AB - 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.

KW - Attribute

KW - Biodiversity

KW - Choice

KW - Coral reef

KW - Damage

KW - Diving

KW - Economic value

KW - Pollution

KW - Recreation

KW - Welfare

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DO - 10.1086/mre.18.3.42629397

M3 - Article

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SN - 0738-1360

VL - 18

SP - 225

EP - 237

JO - Marine Resource Economics

JF - Marine Resource Economics

IS - 3

ER -

Effects of coral reef attribute damage on recreational welfare

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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