We combine household-level data on the choice to purchase flood insurance with experiment-based risk preference and subjective perception data. The sample covers a wide geographic area (the entire U.S. Gulf Coast Florida’s Atlantic Coast) includes individuals exposed varying levels of risk. This work represents one very few analyses do so. Results indicate that our measure aversion over loss domain positively significantly correlates decision policy, as perceived expectations hurricane...

Abstract Hausman “selectively” reviewed the contingent valuation method (CVM) literature in 2012 and failed to find progress during 18 years since Diamond argued that unquantified benefits costs are preferred those quantified by CVM. In this manuscript, we provide counter‐arguments Hausman's claims, not with intent convince reader debate over CVM is settled favor of method, but rather argue intellectual ongoing, dismissing unwarranted, plenty work remains be done for truly curious researcher.

Investment in extractive or 'non-fed' aquaculture has been proposed as a partial solution for sustainable food provision. An important aspect is the potential aquaculture-environment interactions to influence provision of ecosystem services. Here, we quantify and monetise impacts bivalve seaweed farming on regulating service (removal nitrogen from nearshore waters) supporting (habitat species with fisheries value). We estimate that average, 275–581 kg N ha−1 yr−1 (in harvest units: 4–25 t...

A nationwide survey was conducted to estimate welfare associated with large-scale wetland restoration in coastal Louisiana. Binary- and multinomial-choice instruments were administered via Knowledge Networks, using the latter willingness pay (WTP) for increments three ecosystem services: wildlife habitat provision, storm surge protection, fisheries productivity. Results indicate that confidence government agencies, political leanings, "green" lifestyle choices significant explanatory...

Abstract This is a case study comparing outcomes for probability‐based representative sample versus non‐probability convenience the valuation of beach condition information among Gulf Mexico residents. We test efficacy several techniques used to adjust hypothetical bias and weighting reduce willingness pay (WTP). Weighting makes WTP between two samples similar, but model equivalence with respect significance explanatory variables rejected. The results support use certainty follow‐ups, which...

The impact of an intermodal facility on location and transportation decisions for biofuel production plants is analyzed. Location affect the management inbound outbound logistics a plant. This supply chain design problem modeled as mixed integer program. Input data this model are facilities available modes, cost cargo capacity each mode, geographical distribution biomass feedstock yields, processing inventory costs. Outputs from number, location, plants. For plant, mode used, timing...

This paper presents the only study analyzing decision to purchase wind coverage for individuals whose standard homeowner's policy excludes wind, and one of very few analyses undertake mitigation measures. Because these two decisions are closely related, a simultaneous mixed-process approach is used that allows correlated disturbances across probit (insurance) tobit (mitigation) equations. Results indicate positive correlation between errors insurance models; conditioning on covariates,...

A multinomial choice framework was used to analyze data from hypothetical storm forecast scenarios administered via mail survey a random sample of U.S. Gulf Coast residents. Results indicate that the issuance mandatory evacuation notice and presence higher wind speeds had largest influence on increasing likelihood evacuation. Age, race, disability, distance, education were significant in explaining one's decision wait relative choosing evacuate. Blacks disabled individuals strictly less...

We used a choice experiment to examine how ecosystem service values (ESVs) vary across locations and, for the first time, habitats. The study context was three habitats (oyster reef, salt marsh, and black mangrove) in two U.S. Gulf Coast locations. null hypothesis of ESV equality rejected 44% time when tested over suites services, 50% time. Across habitats, 22% 10% respectively. Overall, benefit transfer appeared work fairly well, whereas results were more mixed <i>(JEL H41, Q51)</i>

To position resource managers to make informed decisions regarding the deployment of artificial reefs (ARs) that align with user preferences, this research presents results from a stated choice experiment. The study tests effect on preferences key AR attributes: size, relief, location, accessibility, and cost. Both users non-users prefer ARs large footprint. However, favor nearshore locations over inshore ones, have no particular preference for relief access. In contrast, high unlimited...

We analyze costs, break-even prices, and profits for multiple scales of operation an off-bottom oyster culture operation, ranging from 27,000 oysters planted on half acre to 1.28 million four acres. The analysis focuses the first five years accounts factors such as startup, periodic adverse environmental conditions, variations in stocking mortality rates, method sale, price grower. estimate total annual cost, including depreciation interest invested capital, labor, fuel, seed, other...

This study revisits the issue of monetary incentive effects utilizing data from a mail survey sent to random sample adults across United States regarding preferences for fuel ethanol. The results reported here are consistent with those found in literature effect incentives on response rates: they improved them, prepaid performing relatively better. We also that state residence was significantly correlated choosing whether respond survey. Regarding composition, we tended bias favor less...

Research addressing Gulf hypoxia has failed to account for agricultural drainage, the major pathway of nitrate loads in Upper Midwest states. Focusing on two Minnesota watersheds, simulation results were combined with a constrained-optimization model evaluate cost-effectiveness nitrogen-abatement policies, explicit focus drainage. Results indicate that drained land dominates nitrogsen abatement, and substantially lower abatement costs relative nondrained land. However, policies remove...

A dichotomous-choice contingent-valuation survey was conducted in the State of Mississippi (USA) to estimate willingness pay (WTP) for three restoration options being considered state's barrier islands. Random-effects probit models were estimated, and parametric non-parametric WTP estimates confidence intervals calculated. Turnbull lower-bound mean $22 per respondent maintain existing footprint over a 30-year period, $152 restore 2,338 acres (pre-1969 footprint), $277 5,969 (pre-1900...

Abstract Kim, T-G., and Petrolia, D. R. 2013. Public perceptions of wetland restoration benefits in Louisiana. – ICES Journal Marine Science, 70: 1045–1054. We conducted a referendum-style contingent-valuation survey to investigate public including storm protection, ecosystem services, recreational analyse willingness pay (WTP) for large-scale coastal Results the ordered probit binary models indicate that perceives both strong relationship between increased loss an risk substantial...

We examine the effect of respondent consequentiality on a split-sample binary-choice/multinomial-choice stated-preference survey. fail to observe knife-edge results predicted in literature binary-choice data but do them multinomial-choice data. In data, only respondents who believed survey was at least somewhat likely affect future policy behaved consistently with theoretical predictions. Overall, we conclude that failing control for perceived can lead false conclusions regarding marginal...