School of Economics, Development Studies and Tourism, Nelson Mandela Metropolitan University, Port Elizabeth, South Africa.
THE VALUE OF TIGER SHARK DIVING WITHIN THE ALIWAL SHOAL MARINE PROTECTED AREA: A TRAVEL COST ANALYSIS
Article first published online: 10 SEP 2012
© 2012 The Authors. Journal compilation © 2012 Economic Society of South Africa
South African Journal of Economics
Volume 80, Issue 3, pages 387–399, September 2012
How to Cite
DU PREEZ, M., DICKEN, M. and HOSKING, S. G. (2012), THE VALUE OF TIGER SHARK DIVING WITHIN THE ALIWAL SHOAL MARINE PROTECTED AREA: A TRAVEL COST ANALYSIS. South African Journal of Economics, 80: 387–399. doi: 10.1111/j.1813-6982.2011.01292.x
The authors gratefully acknowledge the comments and inputs of the anonymous referees.
- Issue published online: 10 SEP 2012
- Article first published online: 10 SEP 2012
- Tiger shark;
- recreational diving;
- travel cost method;
- ordinary least squares;
- count data models;
- endogenous stratification;
Using on-site survey data collected via the administration of a questionnaire to 197 respondents during the period stretching from January 2007 to December 2007 from the Aliwal Shoal Marine Protected Area, this study estimates and compares an ordinary least squares and two Poisson count data models of recreational tiger shark diving demand. The Poisson model corrected for endogenous stratification and truncation provided the best results. It was concluded that in 2007, the consumer surplus per person per tiger shark dive was R1,136, and the total consumer surplus per annum was R2,080,925.