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 | |
| State | Published - 2003 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 14 Life Below Water -
SDG 15 Life on Land
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
Fingerprint
Dive into the research topics of 'Effects of coral reef attribute damage on recreational welfare'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver