The Value of the Trout Fishery at Rhodes, North Eastern Cape, South Africa, A Travel Cost Analysis Using Count Data Models
AbstractThe National Environmental Management: Biodiversity Act, no.10 of 2004) makes provision for the presence of alien trout in South African waters by means of a zoning system, partly in recognition of the significant income generating potential of trout fishing in South Africa. This paper reports the first formal recreational valuation of a trout fishery in South Africa, the one in and around Rhodes village, North Eastern Cape. The valuation is carried out by applying the individual travel cost method using several count data models. The zero truncated negative binomial model yielded the most appealing results. It accounts for the non-negative integer nature of the trip data, for truncation and over-dispersion. The paper finds that in 2007 consumer surplus per day visit to the Rhodes trout fishery was R2 668, consumer surplus per trip visit was R13 072, and the total consumer surplus generated was R18 026 288.
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Bibliographic InfoPaper provided by Economic Research Southern Africa in its series Working Papers with number 182.
Length: 18 pages
Date of creation: 2010
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-AFR-2010-10-02 (Africa)
- NEP-ALL-2010-10-02 (All new papers)
- NEP-ENV-2010-10-02 (Environmental Economics)
- NEP-TUR-2010-10-02 (Tourism Economics)
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