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Measuring the Impact of the BP Deepwater Horizon Oil Spill on Consumer Behavior
- Land Economics
- University of Wisconsin Press
- Volume 92, Number 1, February 2016
- pp. 82-95
- Article
- Additional Information
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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.