Many consider salvage value and tourism expenditures as the only economic values of a historic shipwreck. This paper looks at one alternative, the non-market value generated by management of shipwrecks as submerged maritime cultural resources. We consider the question: How much are people...

A technique for measuring the use and non-use components of the total value of a quality change is proposed. The technique is illustrated using data from a study of the Pamlico Sound.