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Mississippi State University

Willingness to pay

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Valuation Of Oyster Reef Restoration Along The Gulf Coast, Freedom Enyetornye Aug 2023

Valuation Of Oyster Reef Restoration Along The Gulf Coast, Freedom Enyetornye

Theses and Dissertations

The objective of this study is to estimate the willingness to pay of U.S. Gulf Coast residents to support oyster reef restoration. The Gulf Coast is the leading commercial oyster- producing region in the United States, accounting for approximately 46% of the total commercial oyster harvest in 2021. My benefit estimates were based on data obtained from a contingent valuation survey of 6,475 Gulf Coast respondents. I estimated the willingness to pay (WTP) for oyster reef restoration using interval regression and Turnbull lower-bound methods. The estimated mean WTP value is in the range of $142 and $436 per household. The …