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The Impact of Speed Limits on Recreational Boating in the Lagoon of Venice
Aestimum
View Archive Info| Field | Value | |
| Title |
The Impact of Speed Limits on Recreational Boating in the Lagoon of Venice
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| Creator |
Rosato, Paolo
Alberini, Anna Reppas, Dimitrios Zanatta, Valentina |
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| Description |
Speed limits were introduced in the Lagoon of Venice in 2002 to reduce wave motion, which damages environmentally sensitive areas in the broader Lagoon as well as buildings in the city of Venice. In this paper, we estimate the welfare losses experienced by recreational boaters as a result of the speed limits. We fit a single-site travel cost model to a sample of boaters intercepted as they depart from or arrive to marinas and launching ramps on the Lagoon. Our Poisson model is corrected for truncation and endogenous stratification. We construct three measures of the price per trip, which allow us to check the sensitivity of models and welfare estimates to possible measurement errors in the opportunity cost of time. Our results are robust to the measure of price used and conservatively peg the welfare losses of boaters to €5.2-6.7 million per year. Even under conservative assumptions, the welfare losses of boaters are sufficiently large that, given current monitoring and enforcement of the speed limits, we believe there is a strong incentive for boaters to disregard the limits.
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| Publisher |
Aestimum
Aestimum |
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| Contributor |
—
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| Date |
2007-12-20
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.fupress.net/index.php/ceset/article/view/8122
http://www.fupress.net/index.php/ceset/article/download/8122/7621 10.13128/Aestimum-8122 |
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| Source |
Aestimum; Aestimum 51 (2007); 1-19
Aestimum; Aestimum 51 (2007); 1-19 1724-2118 1592-6117 |
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| Language |
ita
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| Relation |
10.13128/Aestimum-8122
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| Rights |
The authors retain all rights to the original work without any restrictions.License for Published ContentsYou are free to copy, distribute and transmit the work, and to adapt the work. You must attribute the work in the manner specified by the author or licensor (but not in any way that suggests that they endorse you or your use of the work).Licence scheme | Legal codeLicense for MetadataAestimum published articles metadata are dedicated to the public domain by waiving all publisher's rights to the work worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.You can copy, modify, distribute and perform the work, even for commercial purposes, all without asking permission.Licence scheme | Legal code
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