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"Valuing Beach Closures on the Padre Island National Seashore"

Abstract

In this paper we estimate the economic loss of hypothetical beach closures on the Padre Island National Seashore on the Gulf Coast of Texas. We use a travel cost random utility maximization (RUM) model with data from a random phone survey of Texas residents completed in 2001. We simulate realistic closures that may occur in event of an oil spill or other disruption. For comparison we valued the loss of beach closures in the heavily populated Galveston area. The aggregate losses on Padre Island were highest on weekend days in July estimated at 171,000perdayofclosure(2001171,000 per day of closure(2001). They were lowest on weekdays in September at 25,000.Pertriplosseswereabout25,000. Per trip losses were about 28. A similar closure of beaches near Galveston resulted in losses of 263,000(weekday)and263,000 (week day) and 852,000 (weekend day) with a per trip loss of $30.random utility model, beach use, non-market valuation

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