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Deriving Species-Specific Benefits Measures For Expected Catch Improvements In A Random Utility Framework

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Author Info
Schuhmann, Peter W.
Abstract

A random utility model of site choice is applied to marine recreational fishing trips in North Carolina. Expectations of catch rates of different species groups are estimated using a Poisson specification. A likelihood ratio test is employed to separate the expected catch of red drum (Scianops ocellatus) from a larger species group. Per trip measures of compensating variation are measured for two alternative specifications of an improvement in red drum catch, and the catch of other species groups. Willingness-to-pay measures are reported by fishing mode according to target species. Anglers targeting a particular species have higher willingness-to-pay than anglers targeting a different species, and anglers with any target have higher willingness-to-pay than anglers with no target.

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File URL: http://purl.umn.edu/28192
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Publisher Info
Article provided by Marine Resources Foundation in its journal Marine Resource Economics.

Volume (Year): 13 (1998)
Issue (Month): 1 ()
Pages:
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Handle: RePEc:ags:mareec:28192

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Keywords: Resource /Energy Economics and Policy;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Manski, Charles F & Lerman, Steven R, 1977. "The Estimation of Choice Probabilities from Choice Based Samples," Econometrica, Econometric Society, vol. 45(8), pages 1977-88, November. [Downloadable!] (restricted)
  2. Milon, Walter J., 1988. "A Nested Demand Shares Model of Artificial Marine Habitat Choice by Sport Anglers," Marine Resource Economics, Marine Resources Foundation, vol. 5(3). [Downloadable!]
  3. McConnell, Kenneth E. & Strand, Ivar E. & 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). [Downloadable!]
  4. Knoeber, Charles R & Thurman, Walter N, 1994. "Testing the Theory of Tournaments: An Empirical Analysis of Broiler Production," Journal of Labor Economics, University of Chicago Press, vol. 12(2), pages 155-79, April. [Downloadable!] (restricted)
  5. Bockstael, N. E. & McConnell, K. E. & Strand, I. E., 1989. "A Random Utility Model for Sportfishing: Some Preliminary Results for Florida," Marine Resource Economics, Marine Resources Foundation, vol. 6(3). [Downloadable!]
  6. Easley, J. E. Jr., 1992. "Selected Issues in Modeling Allocation of Fishery Harvests," Marine Resource Economics, Marine Resources Foundation, vol. 7(2). [Downloadable!]
  7. George R. Parsons & Michael S. Needelman, 1992. "Site Aggregation in a Random Utility Model of Recreation," Land Economics, University of Wisconsin Press, vol. 68(4), pages 418-433. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Hicks, Robert L. & Gautam, Amy B. & van Voorhees, David & Osborn, Maury & Gentner, Brad, 1999. "An Introduction To The Nmfs Marine Recreational Fisheries Statistics Survey With An Emphasis On Economic Valuation," Marine Resource Economics, Marine Resources Foundation, vol. 14(4). [Downloadable!]
  2. Peter Schuhmann & Kurt Schwabe, 2004. "An Analysis of Congestion Measures and Heterogeneous Angler Preferences in a Random Utility Model of Recreational Fishing," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 27(4), pages 429-450, April. [Downloadable!] (restricted)
  3. John C. Whitehead & Timothy C. Haab, 1999. "SE MRFSS: Distance and Catch Based Choice Sets," Working Papers 9912, East Carolina University, Department of Economics. [Downloadable!]
  4. John C. Whitehead, 2005. "Contingent Valuation and Random Utility Model Estimates of the Recreational Value of King Mackerel," Working Papers 05-08, Department of Economics, Appalachian State University. [Downloadable!]
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