Coastal landscape and the hedonic price of accommodation

Coastal landscape and the hedonic price of accommodation

Primary Country: Germany
Ecosystem: wetland
Sample Value Estimates:
  1. $389,000 - 544,300 / year lost: Annual loss in tourism revenue (change in PS) from converting 1km of open coast to 1km of dike in Timmendorfer Strand, Germany
Methodology: hedonic pricing
Region: Europe
Data source: Consvalmap.org

Publication information

Hamilton, J.M. “Coastal landscape and the hedonic price of accommodation” Ecological Economics 62 3-4; 594-602, 2005

Addtional Notes

53.996942

10.781844

Economic Valuation Study

Tourism and Recreational Value

Mangroves, Wetlands or Coastal

With 2002-2005 data, this study examines the effect that seascape has on tourism demand in Timmendorfer Strand -Germany-, using the hedonic price method. Converting 1 km of open coast to 1 km dike results in a loss of revenue (change in producer surplus) from $389,000 to $544,300 yearly.

N/A

http://www.mi.uni-hamburg.de/fileadmin/fnu-files/publication/tol/RM3699.pdf

Information provided when available, for more information please visit the original database or PDF.