Estimating Existence Value for Users and Nonusers of New Jersey Beaches

Jonathan I. Silberman · Daniel A. Gerlowski · Nancy A. Williams

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Economic and Environmental Valuation Coastal and Marine Management Socioeconomics of Resources and Conservation

Abstract

This study reports empirical evidence on existence value for beach nourishment. The focus is an analysis of respondents who intend to use the beach to be nourished and those who do not. Differences are found among the two groups, but not among categories of nonusers. An application of this result is that surveying can be limited to respondents engaged in the recreation activity being analyzed. Existence value for respondents intending to use the beach was found to include a recreation value component. Our results support the argument that the only valid measure of existence value is the willingness-to-pay amounts of nonusers.

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References

1983Limited-dependent and qualitative variables in econometrics 1989Using surveys to value public goods: the contingent valuation method 1984Valuing Option, Existence, and Bequest Demands for Wilderness 1985Starting Point Bias in Contingent Valuation Bidding Games 1987Option price estimates for water quality improvements: A contingent valuation study for the monongahela river 1990Recreational demand by tourists for saltwater beach days 1977Congestion and Willingness to Pay: A Study of Beach Use 1987Overlooked Biases in Contingent Valuation Surveys: Some Considerations

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