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Economic valuation of recreational fishing in Western Australia

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Author Info

  • Raguragavan, Jananee
  • Hailu, Atakelty
  • Burton, Michael P.

Abstract

Allocation of fish resource is a controversial subject. Decision making is partly made difficult by the lack of knowledge on recreational fishing preferences and the value of fishing opportunities. This study investigates fishing site choices in Western Australia. Recreational fishing data covering the eight major fishing regions and fourty eight fishing sites in the State are used. The data are used to estimate a random utility model (RUM) of site choice behaviour with a supporting negative binomial econometric model of angler and fish-specific expected catch rates. We provide value estimates for different fish types, fishing site attribute changes as well as site access values. It is argued that sound economic value estimates can be starkly different from ad hoc recreational estimates that are commonly cited or presented.

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File URL: http://purl.umn.edu/97473
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Bibliographic Info

Paper provided by University of Western Australia, School of Agricultural and Resource Economics in its series Working Papers with number 97473.

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Date of creation: 23 Feb 2010
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Handle: RePEc:ags:uwauwp:97473

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Related research

Keywords: non-market valuation; recreational fishing; random utility models; fisheries management; marine environment management; Environmental Economics and Policy;

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  1. Swait, Joffre & Adamowicz, Wiktor & Bueren, Martin van, 2004. "Choice and temporal welfare impacts: incorporating history into discrete choice models," Journal of Environmental Economics and Management, Elsevier, vol. 47(1), pages 94-116, January.
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Cited by:
  1. 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.

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