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Revealed preference valuation of beach and river water quality in Wales

Anciaes, P; (2021) Revealed preference valuation of beach and river water quality in Wales. Journal of Environmental Economics and Policy 10.1080/21606544.2020.1864778. (In press).

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Abstract

This paper estimates the value of water quality for outdoor recreation in Wales, considering all beaches and rivers in the country, and accounting for the value accrued to existing visits and generated from new visits. The values were aggregated for the population and mapped to show where the benefits of improving water quality are higher. We used a revealed preference method that links models of choices of beaches and rivers with models of the monthly number of visits to all beaches and rivers. We found that improving water quality of a beach from good to excellent has an estimated value of £2.58 per existing visit and leads to an average 52% increase in the number of visits, resulting in an overall value of £199,164/month per person. Improving water quality of a beach from sufficient/poor to good has a smaller value and impact on number of visits. Improving water quality of a river stretch to above bad/poor has a value of £0.99 per existing visit and leads to a 64% increase in the number of visits, resulting in an overall value of £15,671/month per person. We discuss how the assumptions made in the analysis might affect these results.

Type: Article
Title: Revealed preference valuation of beach and river water quality in Wales
DOI: 10.1080/21606544.2020.1864778
Publisher version: https://doi.org/10.1080/21606544.2020.1864778
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Water quality, river water quality, beach water quality, water recreation, economic valuation, revealed preference, travel cost
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Civil, Environ and Geomatic Eng
URI: https://discovery.ucl.ac.uk/id/eprint/10118749
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