The Economics of Fish Consumption Advisories: Insights from Revealed and Stated Preference Data
Measuring how fish consumption advisories affect angler’s utility has proven difficult. Relying on stated preference (SP) data is problematic because of hypothetical bias. Revealed preference (RP) data benefits from using actual behavior; however, co-linearity often makes it difficult to model the array of advisory severity levels across different species and catch rates. The array of advisories also makes traditional joint estimation impractical. This paper describes an alternative joint estimation technique, based on an index of SP parameter, that we used for estimating the effect of fish consumption advisories on the Fox River/Green Bay.
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- Jakus, Paul M. & Shaw, W. Douglass, 2001.
"Perceived Hazard And Product Choice: An Application To Recreational Site Choice,"
2001 Annual meeting, August 5-8, Chicago, IL
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- Paul M. Jakus & Dimitrios Dadakas & J. Mark Fly, 1998. "Fish Consumption Advisories: Incorporating Angler-Specific Knowledge, Habits, and Catch Rates in a Site Choice Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(5), pages 1019-1024.
- Nicholas E. Flores & Jennifer Thacher, 2002. "Money, Who Needs It? Natural Resource Damage Assessment," Contemporary Economic Policy, Western Economic Association International, vol. 20(2), pages 171-178, 04.
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