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What Determines Willingness to Pay per Fish? A Meta-Analysis of Recreational Fishing Values

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Author Info
Johnston, Robert J.
Ranson, Matthew H.
Besedin, Elena Y.
Helm, Erik C.

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Abstract

The use of estimated willingness to pay (WTP) to evaluate welfare associated with changes in the quality of recreational fishing presumes that WTP reflects variations in resource and policy attributes, and is not inappropriately influenced by attributes of applied non-market study methodology. This paper describes a meta-analysis conducted to identify systematic patterns in marginal WTP per fish among recreational anglers. Results establish the presence of systematic WTP variation associated with resource, context, and angler attributes, yet also indicate that WTP is subject to systematic variation associated with study methodology. While results are promising with regard to the ability of non-market research to provide insight regarding WTP for recreational fishery resources, they also suggest that researchers should consider the potential for methodological effects when conducting applied welfare analysis.

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File URL: http://purl.umn.edu/8586
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Publisher Info
Article provided by Marine Resources Foundation in its journal Marine Resource Economics.

Volume (Year): 21 (2006)
Issue (Month): 1 ()
Pages:
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Handle: RePEc:ags:mareec:8586

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

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Related research
Keywords: Meta-analysis; recreational fishing; valuation methodology; willingness to pay; benefit transfer.; Q2; Q26; Q22; Consumer/Household Economics;

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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. Morey, Edward R. & Shaw, W. Douglass & Rowe, Robert D., 1991. "A discrete-choice model of recreational participation, site choice, and activity valuation when complete trip data are not available," Journal of Environmental Economics and Management, Elsevier, vol. 20(2), pages 181-201, March. [Downloadable!] (restricted)
  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). [Downloadable!]
  3. Cameron, Trudy Ann & Huppert, Daniel D., 1989. "OLS versus ML estimation of non-market resource values with payment card interval data," Journal of Environmental Economics and Management, Elsevier, vol. 17(3), pages 230-246, November. [Downloadable!] (restricted)
  4. Richard T. Carson & Nicholas E. Flores & Kerry M. Martin & Jennifer L. Wright, 1996. "Contingent Valuation and Revealed Preference Methodologies: Comparing the Estimates for Quasi-Public Goods," Land Economics, University of Wisconsin Press, vol. 72(1), pages 80-99. [Downloadable!] (restricted)
  5. Johnson, Neal S. & Adams, Richard M., 1989. "On the Marginal Value of a Fish: Some Evidence from a Steelhead Fishery," Marine Resource Economics, Marine Resources Foundation, vol. 6(1). [Downloadable!]
  6. Samples, Karl C. & Bishop, Richard C., 1985. "Estimating the Value of Variations in Anglers' Success Rates: An Application of the Multiple-Site Travel Cost Method," Marine Resource Economics, Marine Resources Foundation, vol. 2(1). [Downloadable!]
  7. Bockstael, N. E. & McConnell, K. E. & Strand, I. E., 1989. "Measuring the Benefits of Improvements in Water Quality: The Chesapeake Bay," Marine Resource Economics, Marine Resources Foundation, vol. 6(1). [Downloadable!]
  8. Smith, V. Kerry & Osborne, Laura L., 1996. "Do Contingent Valuation Estimates Pass a "Scope" Test? A Meta-analysis," Journal of Environmental Economics and Management, Elsevier, vol. 31(3), pages 287-301, November. [Downloadable!] (restricted)
  9. Scott R. Milliman & Barry L. Johnson & Richard C. Bishop & Kevin J. Boyle, 1992. "The Bioeconomics of Resource Rehabilitation: A Commercial-Sport Analysis for a Great Lakes Fishery," Land Economics, University of Wisconsin Press, vol. 68(2), pages 191-210. [Downloadable!] (restricted)
  10. Robert J. Johnston & Elena Y. Besedin & Richard Iovanna & Christopher J. Miller & Ryan F. Wardwell & Matthew H. Ranson, 2005. "Systematic Variation in Willingness to Pay for Aquatic Resource Improvements and Implications for Benefit Transfer: A Meta-Analysis," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 53(2-3), pages 221-248, 06. [Downloadable!] (restricted)
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(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. Kukielka, Jessica B. & Johnston, Robert J. & Duke, Joshua M., 2008. "Systematic Variation in Willingness to Pay for Agricultural Land Preservation and Implications for Benefit Transfer: A Meta-Analysis," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6121, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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