Open Access. Powered by Scholars. Published by Universities.®

Physical Sciences and Mathematics Commons™

Open Access. Powered by Scholars. Published by Universities.®

Natural Resources and Conservation

Journal of Ocean and Coastal Economics

Articles 1 - 10 of 10

Full-Text Articles in Physical Sciences and Mathematics

The Economic Value Of Sea Otters And Recreational Tourism In A California Estuary, Jessica A. Fujii, Charles S. Colgan, Anthony Castelletto, Michelle M. Staedler, Amy G. Wolfrum, Kyle S. Van Houtan Jun 2023

The Economic Value Of Sea Otters And Recreational Tourism In A California Estuary, Jessica A. Fujii, Charles S. Colgan, Anthony Castelletto, Michelle M. Staedler, Amy G. Wolfrum, Kyle S. Van Houtan

Journal of Ocean and Coastal Economics

The recovery of marine megafauna can lead to improved ecosystem function and services, but not all stakeholders may benefit equally. Quantifying the local economic value of a species’ presence may appeal to broader range of stakeholders when developing conservation strategies. This study aims to examine the economic effect recreational activities can have on a local region, and to determine what role the presence of southern sea otters (Enhydra lutris nereis) had on the value visitors placed on the visit and the area’s preservation. We surveyed visitors to Elkhorn Slough, a small estuary in California known for diverse wildlife, …

Go to article

Aquatic Invasive Species Change Ecosystem Services From The World's Largest Wild Sockeye Salmon Fisheries In Alaska, Tobias Schwoerer, Joseph M. Little, Milo D. Adkison Jun 2019

Aquatic Invasive Species Change Ecosystem Services From The World's Largest Wild Sockeye Salmon Fisheries In Alaska, Tobias Schwoerer, Joseph M. Little, Milo D. Adkison

Journal of Ocean and Coastal Economics

This study combines a multi-method approach to structured expert judgment with market valuation to forecast fisheries damages from introduced invasive species. The method is applied to a case study of Alaska’s first submersed aquatic invasive plant, Elodea spp., threatening Alaska’s salmon fisheries. Assuming that Elodea spp. remains unmanaged, estimated mean damages to commercial sockeye fisheries aggregated across Alaska amount to a potential $159 million annually with a 5% chance of exceeding $577 million annually ($2015 USD). The associated mean loss of natural capital amounts to $5.1 billion cumulatively over the next 100 years reaching $400 million after 10 years. …

Go to article

Aligning Natural Resource Conservation, Flood Hazard Mitigation, And Social Vulnerability Remediation In Florida, Juliano Calil, Sarah Newkirk Aug 2017

Aligning Natural Resource Conservation, Flood Hazard Mitigation, And Social Vulnerability Remediation In Florida, Juliano Calil, Sarah Newkirk

Journal of Ocean and Coastal Economics

Flooding continues to be the most common and damaging of all natural disasters in the United States. In 2016, twelve individual weather and climate events caused more than $1billion in damages each. During 2016, the U.S. was hit by at least five once-in-1,000 years precipitation events, and severe floods resulted in more than $17 billion in damages. Currently, more than 5.5 million active policies under the National Flood Insurance Program, underwrite more than $1.6 trillion in assets. Since 1978, NFIP has paid out more than $38 billion in claims – nearly 30% was paid to the 1% of properties classified …

Go to article

Economic Evaluation Of Coastal Land Loss In Louisiana, Stephen R. Barnes, Craig Bond, Nicholas Burger, Kate Anania, Aaron Strong, Sarah Weilant, Stephanie Virgets Jun 2017

Economic Evaluation Of Coastal Land Loss In Louisiana, Stephen R. Barnes, Craig Bond, Nicholas Burger, Kate Anania, Aaron Strong, Sarah Weilant, Stephanie Virgets

Journal of Ocean and Coastal Economics

Louisiana has lost approximately 1,880 square miles of land over the past eighty years. Projections suggest that in a future without action, the next fifty years could result in the loss of 1,750 additional square miles of land area. As land loss continues, a large portion of the natural and man-made capital stocks of coastal Louisiana will be at greater risk of damage, either from land loss or from the associated increase in storm damage. We estimate the replacement cost of capital stock directly at risk from land loss ranges from approximately $2.1 billion to $3.5 billion with economic activity …

Go to article

Assessing Non-Market Benefits Of Seagrass Restoration In The Gulf Of Gdańsk, Tobias Börger, Joanna Piwowarczyk May 2016

Assessing Non-Market Benefits Of Seagrass Restoration In The Gulf Of Gdańsk, Tobias Börger, Joanna Piwowarczyk

Journal of Ocean and Coastal Economics

Seagrass meadows (Zostera marina) are an important ecosystem in the coastal environment of the Baltic Sea. This study employs a discrete choice experiment to value a set of non-market benefits provided by seagrass meadows in the Gulf of Gdańsk, Poland. The benefits valued in this study are a reduction of filamentous algae in the water and on the beach; access to seagrass meadows for boaters and divers; and improved water clarity. Results show significant willingness to pay for each attribute and differences of value estimates across different groups of survey respondents. It is discussed how to link choice …

Go to article

Using Future Benefits To Set Conservation Priorities For Wetlands, Samuel B. Merrill Oct 2015

Using Future Benefits To Set Conservation Priorities For Wetlands, Samuel B. Merrill

Journal of Ocean and Coastal Economics

In an era of rising sea levels, costal land managers including land trust representatives, municipal planners, and others contributing to decisions about whether to develop or protect coastal parcels do not have viable means of evaluating future values on wetlands that will be created when sea levels rise. This project develops and tests a software modeling approach to help address this issue, in combination with a novel, expert-opinion driven benefit-cost framework. The beta test used three parcels in Scarborough, Maine: Hampton Circle, Maine Audubon, and Pine Point. It used a group of experts to 1) allocate initial values to these …

Go to article

Economic Valuation Of Marine And Coastal Ecosystems: Is It Currently Fit For Purpose?, Nick Hanley, Stephen Hynes, David Patterson, Niels Jobstvogt Oct 2015

Economic Valuation Of Marine And Coastal Ecosystems: Is It Currently Fit For Purpose?, Nick Hanley, Stephen Hynes, David Patterson, Niels Jobstvogt

Journal of Ocean and Coastal Economics

In this paper, we consider whether the current “state of the art” of environmental valuation is suitable for producing policy-relevant estimates of the benefits or costs of changes in marine and coastal ecosystems. We review recent changes in European legislation which has meant an increasing demand for economic valuation from the policy and regulatory community. The next section considers, at a more conceptual level, whether the economic “toolbox” and scientific evidence is up to the task of meeting the demand for more evidence-based policy. Finally, three case studies are used to explore the nature of the valuation task and review …

Go to article

Signed Peer Reviews As A Means To Improve Scholarly Publishing, Linwood H. Pendleton Mar 2015

Signed Peer Reviews As A Means To Improve Scholarly Publishing, Linwood H. Pendleton

Journal of Ocean and Coastal Economics

Peer review is a necessary process with a long history of complaints, including over-solicitation of a small number of reviewers, delays, inadequate numbers of reviewers, and a lack of incentives to provide strong reviews or avoid reviews with little helpful information for the author. In the era of Web-based distribution of research, through working paper or project reports, anonymous peer reviews are much less likely. The Journal of Ocean and Coastal Economics will use signed peer reviews and an open communication process among authors, reviewers, and editors. This approach, to be developed over time, should lead to stronger communication of …

Go to article

The Evolution Of Non-Market Valuation Of U.S. Coastal And Marine Resources, Douglas Lipton, Dan K. Lew, Kristy Wallmo, Peter Wiley, Anthony Dvarskas Feb 2015

The Evolution Of Non-Market Valuation Of U.S. Coastal And Marine Resources, Douglas Lipton, Dan K. Lew, Kristy Wallmo, Peter Wiley, Anthony Dvarskas

Journal of Ocean and Coastal Economics

At the federal level, particularly within the National Oceanic and Atmospheric Administration (NOAA), regulatory and programmatic needs have driven the continued development and application of non-market valuation approaches to marine and coastal resources. The evolution of these valuation approaches not only entails adopting the recommendations of the 1993 NOAA blue ribbon panel on contingent valuation, but also an expansion of stated preference approaches with increased use of stated preference choice experiments. Revealed preference approaches have also advanced with more sophisticated random utility models. We provide an overview of this evolution in the areas of natural resources damage assessment, protected resources, …

Go to article

What Have We Learned From The Deepwater Horizon Disaster? An Economist’S Perspective, Daniel R. Petrolia Feb 2015

What Have We Learned From The Deepwater Horizon Disaster? An Economist’S Perspective, Daniel R. Petrolia

Journal of Ocean and Coastal Economics

This paper outlines what we have learned about the impacts of the Deepwater Horizon (DWH) oil disaster from the economics discipline as well as what effect the DWH disaster has had on the economics discipline. It appears that what we know about the economic impact of the DWH spill today is limited, possibly because such analysis is tied up in the federal Natural Resource Damage Assessment (NRDA) process and other state-led efforts. There is evidence, however, that the NRDA process has changed over time to de-emphasize economic valuation of damages. There is also evidence that economists may be producing fewer …

Go to article