A Repeated Mixed Logit Approach to Valuing a Local Sport Fishery: The Case of Southeast Alaska Salmon
AbstractWe 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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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 87 (2011)
Issue (Month): 4 ()
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Web page: http://le.uwpress.org/
Find related papers by JEL classification:
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
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