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The Effect of Site Congestion on Valuing Freshwater Fishing for Urban Residents

Author

Listed:
  • Richard T. Melstrom

    (Institute of Environmental Sustainability, Loyola University Chicago, Chicago, IL 60660, United States)

  • Taylor Welniak

    (Department of Agricultural Economics, Oklahoma State University, Stillwater, OK 74078, United States)

Abstract

This paper provides evidence that welfare estimates from recreation demand models can be severely biased if the model omits congestion effects. Congestion effects arise when crowding at popular sites lowers site values. Measuring the effect of congestion is complicated by a well-known endogeneity problem in revealed preference data. We study congestion effects in a sample of licensed anglers in Oklahoma City. We develop a site choice model of freshwater fishing, and correct for endogenous congestion using an instrumental variables strategy. Our results add to the growing weight of evidence that ignoring congestion leads to estimates that understate the value of individual sites and site amenities.

Suggested Citation

  • Richard T. Melstrom & Taylor Welniak, 2020. "The Effect of Site Congestion on Valuing Freshwater Fishing for Urban Residents," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(04), pages 1-16, October.
    • Handle: RePEc:wsi:wepxxx:v:06:y:2020:i:04:n:s2382624x19500085
    DOI: 10.1142/S2382624X19500085
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