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Agricultural and Resource Economics Review >
Volume 35, Number 2, October 2006 >
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http://purl.umn.edu/10205
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| Title: | The Welfare Effects of Pfiesteria-Related Fish Kills: A Contingent Behavior Analysis of Seafood Consumers |
| Authors: | Parsons, George R.
Morgan, Ash
Whitehead, John C.
Haab, Timothy C. |
| Keywords: | pfiesteria
seafood demand
non-market valuation |
| Issue Date: | 2006-10 |
| Abstract: | We use contingent behavior analysis to study the effects of pfiesteria-related fish kills on the demand for seafood in the Mid-Atlantic region. We estimate a set of demand difference models based on individual responses to questions about seafood consumption in the presence of fish kills and with different amounts of information provided about health risks. We use a random-effects Tobit model to control for correlation across each observation and to account for censoring. We find that (i) pfiesteria-related fish kills have a significant negative effect on the demand for seafood even though the fish kills pose no known threat to consumers through sea-food consumption, (ii) seafood consumers are not responsive to expert risk information designed to reassure them that seafood is safe in the presence of a fish kill, and (iii) a mandatory seafood inspection program largely eliminates the welfare loss incurred due to misinformation. |
| URI: | http://purl.umn.edu/10205 |
| Institution/Association: | Agricultural and Resource Economics Review>Volume 35, Number 2, October 2006 |
| Total Pages: | 9 |
| Language: | English |
| From Page: | 348 |
| To Page: | 356 |
| Collections: | Volume 35, Number 2, October 2006
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| 35020348.pdf | 398Kb | PDF | View/Open |
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