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7 April 2014 America's Wetland? A National Survey of Willingness to Pay for Restoration of Louisiana's Coastal Wetlands
Daniel R. Petrolia, Matthew G. Interis, Joonghyun Hwang
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Abstract

A nationwide survey was conducted to estimate welfare associated with large-scale wetland restoration in coastal Louisiana. Binary- and multinomial-choice survey instruments were administered via Knowledge Networks, using the latter to estimate willingness to pay (WTP) for increments in three ecosystem services: wildlife habitat provision, storm surge protection, and fisheries productivity. Results indicate that confidence in government agencies, political leanings, and “green” lifestyle choices were significant explanatory factors. All three ecosystem services significantly affected project support, with increased fisheries productivity having the largest marginal effect, followed by improved storm surge protection and increased wildlife habitat. Mean household WTP, in the form of a one-time tax, is estimated to be $909 (confidence interval $732–$1,185), with resource users being willing to pay substantially more. This figure implies a mean aggregate willingness to pay of $105 billion (confidence interval $84–$136 billion) in excess of the State of Louisiana's estimated $50 billion cost for a statewide restoration program similar to the hypothetical restoration in this study.

JEL Codes: Q51, Q57.

© 2014 MRE Foundation, Inc. All rights reserved.
Daniel R. Petrolia, Matthew G. Interis, and Joonghyun Hwang "America's Wetland? A National Survey of Willingness to Pay for Restoration of Louisiana's Coastal Wetlands," Marine Resource Economics 29(1), 17-37, (7 April 2014). https://doi.org/10.1086/676289
Received: 1 February 2013; Accepted: 1 October 2013; Published: 7 April 2014
JOURNAL ARTICLE
21 PAGES

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KEYWORDS
choice experiment
consequentiality
Contingent valuation
Knowledge Networks
Louisiana
nonmarket valuation
non-use value
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