Valuing New Zealand recreational fishing and an assessment of the validity of the contingent valuation estimates
This article presents estimates of the recreational value of fishing in New Zealand. The data was obtained from a large‐scale interview conducted at boat ramps across New Zealand. The results suggest that the recreational value of a species depends critically on the motives for targeting a particular species. Species targeted for eating purposes have marginal values that appear to closely reflect the market price of the fish (i.e. the opportunity cost). In contrast, those species which are sought mainly for recreational purposes, have a higher value. Furthermore, values for these fish types were found to be greatest for scarce species and large species of fish. The article examines the robustness of the estimates to determine whether strategic bias, embedding effects or hypothetical bias influence the results.
Volume (Year): 45 (2001)
Issue (Month): 4 (December)
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- Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January.
- Carson Richard T. & Mitchell Robert Cameron, 1995. "Sequencing and Nesting in Contingent Valuation Surveys," Journal of Environmental Economics and Management, Elsevier, vol. 28(2), pages 155-173, March.
- Hoehn, John P. & Randall, Alan, 1987. "A satisfactory benefit cost indicator from contingent valuation," Journal of Environmental Economics and Management, Elsevier, vol. 14(3), pages 226-247, September.
- Bishop, Richard C. & Samples, Karl C., 1980. "Sport and commercial fishing conflicts: A theoretical analysis," Journal of Environmental Economics and Management, Elsevier, vol. 7(3), pages 220-233, September.
- Trudy Ann Cameron, 1992. "Combining Contingent Valuation and Travel Cost Data for the Valuation of Nonmarket Goods," Land Economics, University of Wisconsin Press, vol. 68(3), pages 302-317.
- Cooper Joseph C., 1993. "Optimal Bid Selection for Dichotomous Choice Contingent Valuation Surveys," Journal of Environmental Economics and Management, Elsevier, vol. 24(1), pages 25-40, January.
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