Measuring the Impact of the BP Deepwater Horizon Oil Spill on Consumer Behavior

Autor: William L. Huth, Richard Sjolander, Greg S. Martin, O. Ashton Morgan, John C. Whitehead
Rok vydání: 2016
Předmět:
Zdroj: Land Economics. 92:82-95
ISSN: 1543-8325
0023-7639
Popis: We exploit the timing of the BP Deep-water Horizon oil spill to develop a unique dataset of oyster consumer actual and anticipated behavior immediately prior to and following the event. A revealed and stated preference model allows both short- and longer-term responses to the spill to be investigated. Findings indicate that the BP spill had a negative impact on oyster demand in terms of short-run actual behavior, although spill effects show signs of dissipating several months following the spill. By accounting for unobserved heterogeneity in the sample, findings further indicate that short- and longer-term spill responses differ across consumer groups.
Databáze: OpenAIRE