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A Repeated Mixed Logit Approach to Valuing a Local Sport Fishery: The Case of Southeast Alaska Salmon

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  • Daniel K. Lew
  • Douglas M. Larson
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    Abstract

    We estimate the values of fishing opportunities and changes in harvest rates for single-day private boat saltwater fishing for king and silver salmon in southeast Alaska, using a repeated mixed logit model of trip frequency and distribution estimated jointly with anglers’ shadow values of time. The standard assumption that the shadow value of time is a fixed fraction of the angler’s wage is rejected in favor of a more flexible model. The mean value of a fishing choice occasion is approximately $45 per angler, and mean marginal values of a king salmon and a silver salmon are approximately $71 and $106.

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    File URL: http://le.uwpress.org/cgi/reprint/87/4/712
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    Bibliographic Info

    Article provided by University of Wisconsin Press in its journal Land Economics.

    Volume (Year): 87 (2011)
    Issue (Month): 4 ()
    Pages: 712-729

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    Handle: RePEc:uwp:landec:v:87:y:2011:iv:1:p:712-729

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    Web page: http://le.uwpress.org/

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