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Estimating the Economic Impact of Climate Change on the Freshwater Sportsfisheries of the Northeastern U.S

Author

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  • Linwood H. Pendleton
  • Robert Mendelsohn

Abstract

This study links models of global climate circulation, ecology, and economic valuation (hedonic travel cost and random utility models) to value the impact of global warming on freshwater sportfishing in the northeastern United States. An origin-specific linear random utility model (RUM) is introduced. The results of the RUM are shown to be comparable to those of a hedonic travel cost model. A doubling of atmospheric carbon dioxide is predicted to generate between a $4.6 million loss and a $20.5 million net benefit for the Northeast, depending on the climate scenario.

Suggested Citation

  • Linwood H. Pendleton & Robert Mendelsohn, 1998. "Estimating the Economic Impact of Climate Change on the Freshwater Sportsfisheries of the Northeastern U.S," Land Economics, University of Wisconsin Press, vol. 74(4), pages 483-496.
    • Handle: RePEc:uwp:landec:v:74:y:1998:i:4:p:483-496
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    Cited by:

    1. Pendleton, Linwood, 1999. "Reconsidering the hedonic vs. RUM debate in the valuation of recreational environmental amenities," Resource and Energy Economics, Elsevier, vol. 21(2), pages 167-189, May.
    2. Van Butsic & Ellen Hanak & Robert G. Valletta, 2011. "Climate Change and Housing Prices: Hedonic Estimates for Ski Resorts in Western North America," Land Economics, University of Wisconsin Press, vol. 87(1), pages 75-91.
    3. Van Butsic & Ellen Hanak & Robert G. Valletta, 2008. "Climate change and asset prices: hedonic estimates for North American ski resorts," Working Paper Series 2008-12, Federal Reserve Bank of San Francisco.
    4. Tseng, Wei-Chun & Chen, Chi-Chung, 2008. "Valuing the potential economic impact of climate change on the Taiwan trout," Ecological Economics, Elsevier, vol. 65(2), pages 282-291, April.
    5. John Whitehead & Ben Poulter & Christopher Dumas & Okmyung Bin, 2009. "Measuring the economic effects of sea level rise on shore fishing," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 14(8), pages 777-792, December.
    6. Mark Kanazawa & Mark T. Kanazawa, 2016. "Local consequences of climate change: State park visitations on the North Shore of Minnesota," Working Papers 2016-03, Carleton College, Department of Economics.
    7. Vassilis Markantonis & Kostas Bithas, 2010. "The application of the contingent valuation method in estimating the climate change mitigation and adaptation policies in Greece. An expert-based approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 12(5), pages 807-824, October.
    8. John C. Whitehead & Ben Poulter & Christopher F. Dumas & Okmyung Bin, 2008. "Measuring the Impacts of Sea Level Rise on Marine Recreational Shore Fishing in North Carolina," Working Papers 08-09, Department of Economics, Appalachian State University.
    9. Hicks, Robert L., 2002. "A Comparison Of Stated And Revealed Preference Methods For Fisheries Management," 2002 Annual meeting, July 28-31, Long Beach, CA 19853, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Komarek, Timothy M. & Lupi, Frank & Kaplowitz, Michael D., 2011. "Valuing energy policy attributes for environmental management: Choice experiment evidence from a research institution," Energy Policy, Elsevier, vol. 39(9), pages 5105-5115, September.
    11. Mazzotta, Marisa & Wainger, Lisa & Sifleet, Samantha & Petty, J.Todd & Rashleigh, Brenda, 2015. "Benefit transfer with limited data: An application to recreational fishing losses from surface mining," Ecological Economics, Elsevier, vol. 119(C), pages 384-398.
    12. Linwood Pendleton & Robert Mendelsohn, 2000. "Estimating Recreation Preferences Using Hedonic Travel Cost and Random Utility Models," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 17(1), pages 89-108, September.

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