Participation Decisions, Angler Welfare, And The Regional Economic Impact Of Sportfishing
AbstractWe link a stochastic binary choice model of individual decisions to participate in the marine sport fisheries in Cook Inlet, Alaska, with a simulation- based sample enumeration procedure for aggregating estimates of individual angler welfare and a regionally adjusted zip code-level input-output model of regional economic activity. The result is a behaviorally based model for predicting changes in angler welfare and regional economic activity occasioned by changes in the demand for sportfishing that arise from changes in trip costs or the expected number, size, or mix of species caught. The advantages of this approach are that: changes in angler participation are determined by variables that are observable, predictable, or subject to management control; participation reflects declining marginal utility, and substitution and complementary effects across trip attributes; estimates of changes in aggregate angler welfare and changes in regional economic impacts are derived from changes in individual participation probabilities.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 18 (2003)
Issue (Month): 4 ()
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Other versions of this item:
- Keith Criddle & M. Herrmann & S. Lee & C. Hamel, 2001. "Participation decisions, angler welfare, and the regional economic impact of sportfishing," Working Papers 2001-13, Utah State University, Department of Economics.
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.:
- Charles Hamel & Hans T. Geier & Mark Herrmann & Keith R. Criddle & S. Todd Lee, 2002.
"Linking sportfishing trip attributes, participation decisions, and regional economic impacts in Lower and Central Cook Inlet, Alaska,"
The Annals of Regional Science,
Springer, vol. 36(2), pages 247-264.
- C. Hamel & M. Herrmann & S. Lee & Keith Criddle & H. Geier, . "Linking sportfishing trip attributes, participation decisions, and regional economic impacts in Lower and Central Cook Inlet, Alaska," Working Papers 2001-01, Utah State University, Department of Economics.
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- M. Herrmann & S. Lee & K. Criddle & C. Hamel, . "Results of a survey of participants in the Lower and Central Cook Inlet halibut and salmon sport fishery," Working Papers 2000-25, Utah State University, Department of Economics.
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