Abstract
Abstract The contingent valuation method was used to estimate the economic value of sport diving around the many petroleum structures located off Louisiana's coast. The average diver derived economic surplus in the amount of $163 (95% confidence interval, $136-$190) annually from this activity. Variation of the mean bid was not statistically affected by interview techniques, purpose of trips, years of diving experience, distance traveled over land and sea, investment in equipment, or average trip costs. The number of trips was the only variable that had a significant effect on the mean bid; however, the number of diving trips depended on income, overland distance to port, and trip cost. The trip cost variable, though significant, was positively signed. A finding of a significant positive relationship between trip cost and number of trips indicates the merit of using the direct estimation technique of contingent valuation. Received June 13, 1983 Accepted November 12, 1984
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
