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The Value of Fish 'n' Trips to Recreational Anglers in Southern Western Australia

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  • van Bueren, Martin

Abstract

Recreational fishing is one of the most popular forms of outdoor recreation in Australia, involving approximately a third of the population. As such, the recreational sector is a significant user of fish stocks and coastal areas. Allocating resources fairly and efficiently between recreational anglers, commercial fishermen, and other users has become a major issue in fisheries management. Because there is no market to signal the values of recreational fishing, there is a tendency for fish and access to beaches for recreation to be under-supplied. Managers are aware that recreational fishing provides substantial social and economic benefits, but do not have a good grasp of their magnitude or sensitivity to changing conditions. This paper presents the results of an empirical study which estimates the value of fishing trips made by a sample of shore anglers, together with their marginal values for several types of fish. Welfare estimates were obtained using a random utility model which infers values from anglers' observed choices of site and target species. The average consumer surplus from a day trip was estimated to range between $33 to $39, while improving catch rate by 50% increased the value of a trip by up to $4 depending upon the type of fish affected by the change. Based on the average number of fish caught per trip, this equates to a marginal value of $1.40 per fish. This study demonstrates that the random utility model is a promising new technique for deriving non-market values and assessing policies that allocate natural resources between user groups.

Suggested Citation

  • van Bueren, Martin, 1999. "The Value of Fish 'n' Trips to Recreational Anglers in Southern Western Australia," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand 125029, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare99:125029
    DOI: 10.22004/ag.econ.125029
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    References listed on IDEAS

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    1. Yoshiaki Kaoru & V. Kerry Smith & Jin Long Liu, 1995. "Using Random Utility Models to Estimate the Recreational Value of Estuarine Resources," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(1), pages 141-151.
    2. W. Michael Hanemann, 1984. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 332-341.
    3. Boxall, Peter C. & Adamowicz, Wiktor L. & Swait, Joffre & Williams, Michael & Louviere, Jordan, 1996. "A comparison of stated preference methods for environmental valuation," Ecological Economics, Elsevier, vol. 18(3), pages 243-253, September.
    4. Adamowicz, Wiktor L., 1994. "Habit Formation And Variety Seeking In A Discrete Choice Model Of Recreation Demand," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(1), pages 1-13, July.
    5. Lin, Pei-Chien & Adams, Richard M. & Berrens, Robert P., 1996. "Welfare Effects Of Fishery Policies: Native American Treaty Rights And Recreational Salmon Fishing," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(2), pages 1-14, December.
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    1. Farr, Marina & Stoeckl, Natalie, 2018. "Overoptimism and the undervaluation of ecosystem services: A case-study of recreational fishing in Townsville, adjacent to the Great Barrier Reef," Ecosystem Services, Elsevier, vol. 31(PC), pages 433-444.

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