Angler Heterogeneity and the Species-Specific Demand for Marine Recreational Fishing
AbstractIn this study we assess the viability of single-species recreation demand models given commonly available data sets. Using the 2000 MRFSS southeast intercept data combined with the economic add-on, we determine that the MRFSS data will support only a few species-specific recreation demand models. Considering species of management interest in the southeast, we focus on dolphin, king mackerel, red snapper and red drum. We examine single-species recreational fishing behavior using random utility models of demand. We explore mixed logit (i.e., random parameter) logit and finite mixture (i.e., latent class logit) models for dealing with angler heterogeneity. We compare these to the commonly used conditional and nested logit models in terms of the value of catching (and keeping) one additional fish. Mixed logit models illustrate that the value of catch can be highly heterogeneous and, in some cases, can include both positive and negative values. The finite mixture model generates value estimates that were some times strikingly different than conditional, nested and mixed logit models. Preference heterogeneity is significant within the MRFSS data. We find evidence that single-species models outperform multiple species models and recreational values differ. Key Words: marine recreational fishing, single-species demand, preference heterogeneity models
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Bibliographic InfoPaper provided by Department of Economics, Appalachian State University in its series Working Papers with number 10-02.
Date of creation: 2010
Date of revision:
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Postal: Thelma C. Raley Hall, Boone, North Carolina 28608
Web page: http://www.business.appstate.edu/departments/economics/
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Find related papers by JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-03-28 (All new papers)
- NEP-DCM-2010-03-28 (Discrete Choice Models)
- NEP-ENV-2010-03-28 (Environmental Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- The best part about the new MRIP is that you can get graphs
by John Whitehead in Environmental Economics on 2012-02-09 14:34:24
- I hope I don't get Schumer as a referee
by John Whitehead in Environmental Economics on 2010-02-18 00:48:06
- John C. Whitehead & Christopher F. Dumas & Craig E. Landry & Jim Herstine, 2011.
"Valuing Bag Limits in the North Carolina Charter Boat Fishery with Combined Revealed and Stated Preference Data,"
11-08, Department of Economics, Appalachian State University.
- Whitehead, John C. & Dumas, Christopher F. & Landry, Craig E. & Herstine, Jim, 2011. "Valuing Bag Limits in the North Carolina Charter Boat Fishery with Combined Revealed and Stated Preference Data," Marine Resource Economics, Marine Resources Foundation, vol. 26(3).
- Alvarez, Sergio & Larkin, Sherry L. & Whitehead, John C. & Haab, Timothy C., 2012. "Substitution, Damages, and Compensation for Anglers due to Oil Spills:The case of the Deepwater Horizon," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124779, Agricultural and Applied Economics Association.
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