Estimating the value of lost recreation days from the Deepwater Horizon oil spill.

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Title: Estimating the value of lost recreation days from the Deepwater Horizon oil spill.
Authors: English, Eric1 eric.english@bearpeakeconomics.com, von Haefen, Roger H.2 rhhaefen@ncsu.edu, Herriges, Joseph3 jah@msu.edu, Leggett, Christopher4 chris.leggett@rsginc.com, Lupi, Frank1,3 lupi@msu.edu, McConnell, Kenneth5 tmcconn@umd.edu, Welsh, Michael6 welsh@mailbag.com, Domanski, Adam7 domanski@econw.com, Meade, Norman8 norman.meade@noaa.gov
Source: Journal of Environmental Economics & Management. Sep2018, Vol. 91, p26-45. 20p.
Subject Terms: *BP Deepwater Horizon Explosion & Oil Spill, 2010, *Natural resources, *Liability for environmental damages, Recreation areas, Discrete choice models
Abstract: Abstract The 2010 Deepwater Horizon oil spill in the Gulf of Mexico was the largest ever in U.S. waters, eclipsing the 1989 Exxon Valdez spill in terms of the sheer quantity of oil released and the scale and scope of activities impacted. We developed a recreation demand model to monetize economic damages associated with lost shoreline recreational user days attributable to the spill. The unprecedented magnitude of the spill disruption led to a variety of innovations. We estimate a model of shoreline recreation trips to the Gulf Coast region from the general population of the contiguous U.S., combining single and multiple-day trips, calculating travel costs that incorporate detailed information on flying costs and transportation mode choice, and using alternative-specific constants to control for site characteristics. Losses per recreational user day are assessed using utility adjustments that reproduce the decline in recreation observed through onsite counts. Sensitivity analyses demonstrate our lost user day value is robust to changes in income imputation, nesting structure, site aggregation and spill calibration, and show the importance of accounting for flying as a mode choice. Estimated losses from the primary shoreline study are $520 million (± 166) out of the total recreational damages of $661 million (2015$). [ABSTRACT FROM AUTHOR]
Copyright of Journal of Environmental Economics & Management is the property of Academic Press Inc. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: Estimating the value of lost recreation days from the Deepwater Horizon oil spill.
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  Data: <searchLink fieldCode="AR" term="%22English%2C+Eric%22">English, Eric</searchLink><relatesTo>1</relatesTo><i> eric.english@bearpeakeconomics.com</i><br /><searchLink fieldCode="AR" term="%22von+Haefen%2C+Roger+H%2E%22">von Haefen, Roger H.</searchLink><relatesTo>2</relatesTo><i> rhhaefen@ncsu.edu</i><br /><searchLink fieldCode="AR" term="%22Herriges%2C+Joseph%22">Herriges, Joseph</searchLink><relatesTo>3</relatesTo><i> jah@msu.edu</i><br /><searchLink fieldCode="AR" term="%22Leggett%2C+Christopher%22">Leggett, Christopher</searchLink><relatesTo>4</relatesTo><i> chris.leggett@rsginc.com</i><br /><searchLink fieldCode="AR" term="%22Lupi%2C+Frank%22">Lupi, Frank</searchLink><relatesTo>1,3</relatesTo><i> lupi@msu.edu</i><br /><searchLink fieldCode="AR" term="%22McConnell%2C+Kenneth%22">McConnell, Kenneth</searchLink><relatesTo>5</relatesTo><i> tmcconn@umd.edu</i><br /><searchLink fieldCode="AR" term="%22Welsh%2C+Michael%22">Welsh, Michael</searchLink><relatesTo>6</relatesTo><i> welsh@mailbag.com</i><br /><searchLink fieldCode="AR" term="%22Domanski%2C+Adam%22">Domanski, Adam</searchLink><relatesTo>7</relatesTo><i> domanski@econw.com</i><br /><searchLink fieldCode="AR" term="%22Meade%2C+Norman%22">Meade, Norman</searchLink><relatesTo>8</relatesTo><i> norman.meade@noaa.gov</i>
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Environmental+Economics+%26+Management%22">Journal of Environmental Economics & Management</searchLink>. Sep2018, Vol. 91, p26-45. 20p.
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  Data: *<searchLink fieldCode="DE" term="%22BP+Deepwater+Horizon+Explosion+%26+Oil+Spill%2C+2010%22">BP Deepwater Horizon Explosion & Oil Spill, 2010</searchLink><br />*<searchLink fieldCode="DE" term="%22Natural+resources%22">Natural resources</searchLink><br />*<searchLink fieldCode="DE" term="%22Liability+for+environmental+damages%22">Liability for environmental damages</searchLink><br /><searchLink fieldCode="DE" term="%22Recreation+areas%22">Recreation areas</searchLink><br /><searchLink fieldCode="DE" term="%22Discrete+choice+models%22">Discrete choice models</searchLink>
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  Data: Abstract The 2010 Deepwater Horizon oil spill in the Gulf of Mexico was the largest ever in U.S. waters, eclipsing the 1989 Exxon Valdez spill in terms of the sheer quantity of oil released and the scale and scope of activities impacted. We developed a recreation demand model to monetize economic damages associated with lost shoreline recreational user days attributable to the spill. The unprecedented magnitude of the spill disruption led to a variety of innovations. We estimate a model of shoreline recreation trips to the Gulf Coast region from the general population of the contiguous U.S., combining single and multiple-day trips, calculating travel costs that incorporate detailed information on flying costs and transportation mode choice, and using alternative-specific constants to control for site characteristics. Losses per recreational user day are assessed using utility adjustments that reproduce the decline in recreation observed through onsite counts. Sensitivity analyses demonstrate our lost user day value is robust to changes in income imputation, nesting structure, site aggregation and spill calibration, and show the importance of accounting for flying as a mode choice. Estimated losses from the primary shoreline study are $520 million (± 166) out of the total recreational damages of $661 million (2015$). [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
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  Data: <i>Copyright of Journal of Environmental Economics & Management is the property of Academic Press Inc. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1016/j.jeem.2018.06.010
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        Text: English
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      – SubjectFull: BP Deepwater Horizon Explosion & Oil Spill, 2010
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      – SubjectFull: Natural resources
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      – SubjectFull: Liability for environmental damages
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      – SubjectFull: Recreation areas
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      – SubjectFull: Discrete choice models
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              Text: Sep2018
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