Scholarly Works, Agricultural and Applied Economics
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Browsing Scholarly Works, Agricultural and Applied Economics by Subject "0704 Fisheries Sciences"
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- Harmful algal blooms and toxic air: The economic value of improved forecastsMoeltner, Klaus; Fanara, Tracy; Foroutan, Hosein; Hanlon, Regina; Lovko, Vince; Ross, Shane D.; Schmale, David G. III (2021-02)The adverse economic impacts of harmful algal blooms can be mitigated via tailored forecasting methods. Adequate provision of these services requires knowledge of the losses avoided, or, in other words, the economic benefits they generate. The latter can be difficult to measure for broader population segments, especially if forecasting services or features do not yet exist. We illustrate how Stated Preference tools and Choice Experiments are well-suited for this case. Using as example forecasts of respiratory irritation levels associated with airborne toxins caused by Florida red tide, we show that 24-hour predictions of spatially and temporally refined air quality conditions are valued highly by the underlying population. This reflects the numerous channels and magnitude of red tide impacts on locals' life and activities, which are also highlighted by our study. Our approach is broadly applicable to any type of air quality impediment with risk of human exposure.
- Who responds to health, environmental, and economic information about local food? Evidence from Connecticut seafood consumersTian, Yixing; Croog, Rose; Bovay, John; Concepcion, Anoushka; Getchis, Tessa L.; Kelly, Miriah Russo (Informa, 2021-08-06)We designed and implemented a discrete choice experiment to assess how information about the health, environmental, and economic benefits of locally produced aquaculture products affect Connecticut consumers’ willingness to pay (WTP) for products produced in the state, as compared with products from another state or another country. We find that information about local economic benefits tended to increase WTP for Connecticut-grown and -raised products, whereas information about health, safety, and the environment tended to decrease WTP for products from other regions. We also explore heterogeneous effects of the information treatments by respondent gender, education, and income.