Estimating the Recreational Benefits of Coral Restoration in Northwestern, Philippines


Tara Alessandra S. Abrina*, Jeffrey William Bennett
Vol 21 No 2 (2018), pp. 94-101

 

Abstract:

 

In this study, the recreational value of restoring corals reefs was estimated in the context of a site in Northwestern Philippines. This study applied the travel cost method with a variation that integrates a contingent behavior question. This allowed for the estimation of marginal benefits in the context of a change in recreational asset quality. The recreational study site, including the reef in its damaged state, gave rise to average per visit benefits of around US$63.00. With a restored reef, that average value increased to approximately US$113.00 per visit. Hence, the average marginal benefits associated with an investment in reef restoration for this case study site is in the order of US$50 per visit, with a 95% confidence interval of US$0.72 million to US$3.34 M yr-1.

 

Keywords: travel cost method, contingent behavior, coral restoration, larval enhancement


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