What Determines Willingness to Pay per Fish? A Meta-Analysis of Recreational Fishing Values
AbstractThe 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 21 (2006)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Meta-analysis; recreational fishing; valuation methodology; willingness to pay; benefit transfer.; Q2; Q26; Q22; Consumer/Household Economics;
Find related papers by JEL classification:
- Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
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.:
- Nancy E. Bockstael & Ivar E. Strand, Jr., 1987. "The Effect of Common Sources of Regression Error on Benefit Estimates," Land Economics, University of Wisconsin Press, vol. 63(1), pages 11-20.
- Kevin J. Boyle & F. Reed Johnson & Daniel W. McCollum & William H. Desvousges & Richard W. Dunford & Sara P. Hudson, 1996. "Valuing Public Goods: Discrete versus Continuous Contingent-Valuation Responses," Land Economics, University of Wisconsin Press, vol. 72(3), pages 381-396.
- Bockstael, Nancy E. & McConnell, Kenneth E. & Strand, Ivar E., Jr., 1989. "Measuring the Benefits of Improvements in Water Quality: The Chesapeake Bay," Marine Resource Economics, Marine Resources Foundation, vol. 6(1).
- 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,"
University of Wisconsin Press, vol. 72(1), pages 80-99.
- Carson, Richard T. & Flores, Nicholas E. & Martin, Kerry M. & Wright, Jennifer L., 1995. "Contingent Valuation and Revealed Preference Methodologies: Comparing the Estimates for Quasi-Public Goods," 1995 Conference (39th), February 14-16, 1995, Perth, Australia 148793, Australian Agricultural and Resource Economics Society.
- 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.
- Janusz R. Mrozek & Laura O. Taylor, 2002. "What determines the value of life? a meta-analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 21(2), pages 253-270.
- Trudy Ann Cameron & Michelle D. James, 1986.
"Efficient Estimation Methods for "Closed-Ended" Contingent Valuation Surveys,"
UCLA Economics Working Papers
404, UCLA Department of Economics.
- Cameron, Trudy Ann & James, Michelle D, 1987. "Efficient Estimation Methods for "Closed-ended' Contingent Valuation Surveys," The Review of Economics and Statistics, MIT Press, vol. 69(2), pages 269-76, May.
- 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.
- 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.
- Loomis, John B., 1988. "The Bioeconomic Effects of Timber Harvesting on Recreational and Commercial Salmon and Steelhead Fishing: A Case Study of the Siuslaw National Forest," Marine Resource Economics, Marine Resources Foundation, vol. 5(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.
- 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).
- 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).
- John C. Whitehead & Richard Aiken, 2000. "“An Analysis of Trends in Net Economic Values for Bass Fishing from the National Survey of Fishing, Hunting, and Wildlife-Associated Recreation,”," Working Papers 0007, East Carolina University, Department of Economics.
- Ian J. Bateman & Andrew P. Jones, 2003. "Contrasting Conventional with Multi-Level Modeling Approaches to Meta-Analysis: Expectation Consistency in U.K. Woodland Recreation Values," Land Economics, University of Wisconsin Press, vol. 79(2), pages 235-258.
- 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.
- Trudy Ann Cameron, 1992. "Combining Contingent Valuation and Travel Cost Data for the Valuation of Nonmarket Goods," Land Economics, University of Wisconsin Press, vol. 68(3), pages 302-317.
- 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).
- Feichtinger, Paul & Salhofer, Klaus, 2011. "The Valuation of Agricultural Land and the Influence of Government Payments," Factor Markets Working Papers 112, Centre for European Policy Studies.
- Carter, David W. & Liese, Christopher, 2010. "Hedonic Valuation of Sportfishing Harvest," Marine Resource Economics, Marine Resources Foundation, vol. 25(4).
- Moeltner, Klaus & Boyle, Kevin J. & Paterson, Robert W., 2007. "Meta-analysis and benefit transfer for resource valuation-addressing classical challenges with Bayesian modeling," Journal of Environmental Economics and Management, Elsevier, vol. 53(2), pages 250-269, March.
- Cropper, Maureen L. & Isaac, William, 2011. "The Benefits of Achieving the Chesapeake Bay TMDLs (Total Maximum Daily Loads): A Scoping Study," Discussion Papers dp-11-31, Resources For the Future.
- I. Bateman & R. Brouwer & S. Ferrini & M. Schaafsma & D. Barton & A. Dubgaard & B. Hasler & S. Hime & I. Liekens & S. Navrud & L. De Nocker & R. Ščeponavičiūtė & D. Semėnienė, 2011. "Making Benefit Transfers Work: Deriving and Testing Principles for Value Transfers for Similar and Dissimilar Sites Using a Case Study of the Non-Market Benefits of Water Quality Improvements Across E," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 50(3), pages 365-387, November.
- Thijs Dekker & Roy Brouwer & Marjan Hofkes & Klaus Moeltner, 2011. "The Effect of Risk Context on the Value of a Statistical Life: a Bayesian Meta-model," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 49(4), pages 597-624, August.
- Kerr, Geoffrey N. & Latham, N., 2011. "The Value of Recreational Inshore Marine Fishing," 2011 Conference, August 25-26, 2011, Nelson, New Zealand 115408, New Zealand Agricultural and Resource Economics Society.
- 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).
- Fenichel, Eli P., 2009. "Heterogeneity among agent types and second-best management for non-market ecological services," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 48995, Agricultural and Applied Economics Association.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.