Continuous Attribute Values in a Simulation Environment: Offshore Energy Production and Mid-Atlantic Beach Visitation
| Author(s) | Fooks, Jacob R. | |
| Author(s) | Messer, Kent D. | |
| Author(s) | Duke, Joshua M. | |
| Author(s) | Johnson, Janet B. | |
| Author(s) | Parsons, George R. | |
| Date Accessioned | 2017-06-08T13:10:33Z | |
| Date Available | 2017-06-08T13:10:33Z | |
| Publication Date | 2017-06 | |
| Abstract | This research measures the welfare losses to beachgoers from the visual disamenity associated with offshore energy projects. We use a contingent-behavior approach in a field setting wherein respondents use a simulation to control the placement of offshore wind turbines and/or oil platforms in their choices. Our model allows for valuation results with continuous, instead of discrete, spatial resolution. We analyze the data using a duration or survival model consistent with random utility theory and recover an expression for willingness-to-pay as a function of distance of shore. We find three distinct clusters of participant responses. Most participants were relatively accepting of the wind turbines and had a much more elastic damage function as compared to oil platforms. On the other hand, a minority of participants displayed a strong aversion to any offshore installations, and had a higher level of damage from turbines instead of oil platforms. | en_US |
| URL | http://udspace.udel.edu/handle/19716/21443 | |
| Publisher | Department of Applied Economics and Statistics, University of Delaware, Newark, DE. | en_US |
| Part of Series | APEC Research Reports;RR17-08 | |
| Keywords | Offshore energy | en_US |
| Keywords | Nonmarket valuation | en_US |
| Keywords | Renewable energy | en_US |
| Title | Continuous Attribute Values in a Simulation Environment: Offshore Energy Production and Mid-Atlantic Beach Visitation | en_US |
| Type | Working Paper | en_US |