RT Journal Article
SR Electronic
T1 Estimating the Ex Ante Recreational Loss of an Oil Spill Using Revealed and Stated Preference Data
JF Land Economics
FD University of Wisconsin Press
SP 490
OP 508
DO 10.3368/le.99.4.102022-0084R
VO 99
IS 4
A1 Lopes, Ana Faria
A1 Whitehead, John C.
YR 2023
UL http://le.uwpress.org/content/99/4/490.abstract
AB This article combines data to estimate the ex ante recreational impact of oil spills. Using a unique contingent behavior question, our application highlights the gains in combining stated and revealed preferences. We consider a reduction of the available choice set and perceived site quality. We show that omitting perceived site quality leads to low welfare losses, while omitting alternative specific constants leads to high welfare losses. Overall, we find recreational losses due to potential oil spills in Norway ranging from NOK 347 and NOK 524 (US$32–$49) per person across the four oil spill scenarios.