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Estimating Tournament Effects on Sportfishing Demand

Author

Listed:
  • John R. McKean

    (AEI Economic Consultants, PO Box 120, Masonville, CO 80541, USA)

  • Donn Johnson

    (Economics Department, Quinnipiac University Hamden, CT 06518, USA)

  • R.G. Taylor

    (Department of Agricultural Economics, University of Idaho, Moscow, ID 83844, USA)

Abstract

A two-step decision travel cost model is used to estimate the demand for sportfishing and to measure the effect of fishing tournaments on anglers' willingness-to-pay on the Lower Hudson River. The endogenous opportunity cost of angler travel time is incorporated in the demand function using a latent variable. The latent time value indicator is a count of the unique types of complementary and time-saving goods and services purchased during a fishing trip. Tournament fishing is valued at US$317 per angler per trip, compared to US$73 per angler per trip for other sportfishing.

Suggested Citation

  • John R. McKean & Donn Johnson & R.G. Taylor, 2014. "Estimating Tournament Effects on Sportfishing Demand," Tourism Economics, , vol. 20(5), pages 1067-1086, October.
    • Handle: RePEc:sae:toueco:v:20:y:2014:i:5:p:1067-1086
    DOI: 10.5367/te.2013.0315
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    References listed on IDEAS

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    More about this item

    Keywords

    travel cost method; count data model; endogenous time value; fishing demand; tournament fishing; Lower Hudson River; JEL classification: Q51;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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