Answers are grounded in this paper and cite their sources.
We use contingent behavior (CB) analysis to examine the potential impacts of a hypothetical change in the clarity of a lake. We collect and use both CB and revealed preference data to estimate a pooled negative binomial count data travel cost model. From this analysis we calculate the consumer surplus per angling party day for our case study lake to be about $104, or a total annual consumer surplus of $1.4 million. Using this consumer surplus measure and changes in the intended number of visits obtained from the CB survey, we estimate the loss in consumer surplus associated with a decline in water clarity from 10 to 3 feet (1 foot = 0.3048 m) to be about $522,000 annually (a 38% decrease). Since this is the first such application of CB analysis to estimate the effects of a water clarity change, the study may illustrate a method well suited to analyzing changes in water quality attributes that are easily observable and well understood by recreators.
No takes yet. Share an insight, caveat, or question.
Eiswerth et al. (2008) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: