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Valuing Bag Limits in the North Carolina Charter Boat Fishery with Combined Revealed and Stated Preference Data

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Author Info

  • Whitehead, John C.
  • Dumas, Christopher F.
  • Landry, Craig E.
  • Herstine, Jim

Abstract

We use telephone survey data on charter boat anglers to estimate demand models to value snapper-grouper and king mackerel bag limits in the North Carolina for-hire fishery. The telephone survey presents respondents with hypothetical situations about higher charter fees and lower snapper-grouper and king mackerel bag limits and asks about the number of trips they would take in each situation. Stated preference trip responses are used in a jointly estimated revealed and stated preference demand model. We find that reduction in the snapper-grouper bag limit from 15 to 7 fish would reduce the annual aggregate value of charter boat fishing by 29% due to quality effects. The reduction in the snapper-grouper bag limit would reduce the number of charter boat fishing trips by 25%.

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Bibliographic Info

Article provided by Marine Resources Foundation in its journal Marine Resource Economics.

Volume (Year): 26 (2011)
Issue (Month): 3 ()
Pages:

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Handle: RePEc:ags:mareec:121874

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Web page: http://www.uri.edu/cels/enre/mre/mre.htm

Related research

Keywords: Recreation demand; revealed preference; stated preference; charter fishing; Public Economics; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods; Q22; Q26; Q51;

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References

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  1. John C. Whitehead & Subhrendu K. Pattanayak & George L. Van Houtven & Brett R. Gelso, 2005. "Combining Revealed and Stated Preference Data to Estimate the Nonmarket Value of Ecological Services: An Assessment of the State of the Science," Working Papers 05-19, Department of Economics, Appalachian State University, revised 2007.
  2. Whitehead, John C. & Haab, Timothy C., 1999. "Southeast Marine Recreational Fishery Statistical Survey: Distance And Catch Based Choice Sets," Marine Resource Economics, Marine Resources Foundation, vol. 14(4).
  3. Abbott, Joshua & Maharaj, Vishwanie & Wilen, James E., 2009. "Designing ITQ programs for commercial recreational fishing," Marine Policy, Elsevier, vol. 33(5), pages 766-774, September.
  4. Gillig, Dhazn & Woodward, Richard T. & Ozuna, Teofilo, Jr. & Griffin, Wade L., 2003. "Joint Estimation of Revealed and Stated Preference Data: An Application to Recreational Red Snapper Valuation," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 32(2), October.
  5. Jeffrey Englin & Trudy Cameron, 1996. "Augmenting travel cost models with contingent behavior data," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 7(2), pages 133-147, March.
  6. Ozuna, Teofilo, Jr. & Gillig, Dhazn & Griffin, Wade L., 2000. "The Value Of The Gulf Of Mexico Recreational Red Snapper Fishery," Marine Resource Economics, Marine Resources Foundation, vol. 15(2).
  7. John Whitehead, 2006. "A comparison of contingent valuation method and random utility model estimates of the value of avoiding reductions in king mackerel bag limits," Applied Economics, Taylor and Francis Journals, vol. 38(15), pages 1725-1735.
  8. Carson, Richard & Hanemann, Michael & Steinberg, Dan, 1990. "A discrete choice contingent valuation estimate of the value of Kenai King salmon," Journal of Behavioral Economics, Elsevier, vol. 19(1), pages 53-68.
  9. Massey, D. Matthew & Newbold, Stephen C. & Gentner, Brad, 2006. "Valuing water quality changes using a bioeconomic model of a coastal recreational fishery," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 482-500, July.
  10. McConnell, Kenneth E. & Strand, Ivar E., Jr. & Blake-Hedges, Lynne, 1995. "Random Utility Models of Recreational Fishing: Catching Fish Using a Poisson Process," Marine Resource Economics, Marine Resources Foundation, vol. 10(3).
  11. Timothy Haab & Robert L. Hicks & Kurt Schnier & John C. Whitehead, 2010. "Angler Heterogeneity and the Species-Specific Demand for Marine Recreational Fishing," Working Papers 10-02, Department of Economics, Appalachian State University.
  12. Schuhmann, Peter W., 1998. "Deriving Species-Specific Benefits Measures For Expected Catch Improvements In A Random Utility Framework," Marine Resource Economics, Marine Resources Foundation, vol. 13(1).
  13. Abbott, Joshua K. & Wilen, James E., 2009. "Rent dissipation and efficient rationalization in for-hire recreational fishing," Journal of Environmental Economics and Management, Elsevier, vol. 58(3), pages 300-314, November.
  14. P. Joan Poor & Matthew Breece, 2006. "The contingent behavior of charter fishing participants on the Chesapeake Bay: Welfare estimates associated with water quality improvements," Journal of Environmental Planning and Management, Taylor and Francis Journals, vol. 49(2), pages 265-278.
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  1. Valuing Bag Limits in the NC Charter Boat Fishery (working paper #11-08)
    by John Whitehead in Environmental Economics on 2011-07-30 02:13:11

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