Valuing the Recreational Benefits og Bore and Hellestø Beaches
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The main purpose of this study is to estimate the non-market value of Bore and Hellestø beaches in Norway, and the change in value under different hypothetical scenarios that might affect beach recreation. Information on the economic value of non-market goods, such as beaches, is necessary for optimal decision-making regarding coastal issues and policies that affect recreational value. Combining an individual travel cost model with contingent behaviour questions, this paper estimates the individual demand for recreation for two Norwegian beaches. Using a panel data approach, which compares both fixed effects and random effects models, we estimate the consumer surplus for status quo and for hypothetical quality changes. The consumer surplus estimates illustrate how the value of the beaches are negatively affected in the case of an environmental deterioration such as an oil spill or an activity restriction in the sand dunes.
Master's thesis in Economics