Economic valuation of coral reefs at Phi Phi Islands, Thailand

International Journal of Global Environmental Issues

Volumn 3, Issue 1, 2003, Pages 104-114

  Seenprachawong, Udomsak ^a  

^a Grad Sch of Bus Administration   (Thailand)

Author keywords

Contingent valuation; Coral reef; Travel cost; Willingness to pay

Indexed keywords

CONTINGENT VALUATION; CORAL REEF; ECONOMIC ANALYSIS; ENVIRONMENTAL ECONOMICS; HABITAT CONSERVATION; WILLINGNESS TO PAY;

PHI PHI ISLANDS; THAILAND;

ANTHOZOA;

EID: 0041926720     PISSN: 14666650     EISSN: None     Source Type: Journal    
DOI: 10.1504/IJGENVI.2003.002413     Document Type: Article

References (21)

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6. Some other potential sites for conducting coral reef valuations are Surin Island and Similan Island. However, it would be relatively expensive data from these two islands. Moreover, the actual flow of visitors throughout the year is comparatively low since the islands are not easily accessible to tourists. It takes approximately four to six hours from Phuket to these sites by boat, while the boat ride from Krabi to Phi Phi Islands takes only one hour.
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9. Adapted from [8] Amounts quoted in US dollars unless otherwise stated.
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12. There is one lesson to be learnt from this study that may be relevant to future research. Dichotomous choice contingent valuation questions (as used in this study) are inefficient in that a very large number of observations are required to identify a distribution of resource values with any degree of accuracy. An alternative questioning strategy introduces a follow-up dichotomous choice question, such that if a respondent indicates a willingness to pay the first-offered amount, the new threshold will be approximately double the first. If the respondent is unwilling to pay the first-offered amount, the second threshold is reduced to about half the original amount. This questioning strategy is also call a double-bounded referendum approach.
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