IDEAS home Printed from https://ideas.repec.org/p/ags/aare06/139896.html
   My bibliography  Save this paper

Estimating Values for Recreational Fishing at Freshwater Dams in Queensland

Author

Listed:
  • Rolfe, John
  • Prayaga, Prabha

Abstract

In this paper, estimates of value for recreational fishing are reported for three major freshwater impoundments in Queensland, Australia, using both travel cost and contingent valuation methods. The research results that are reported have two key methodological distinctions from previous studies of values associated with recreational fishing. The first is that different forms of the travel cost model have been used to estimate separate consumer surpluses associated with two key sub-groups of recreational anglers: those who were repeat anglers at a dam, and those who were single visitors (tourists). The second is that a contingent valuation study has been used to estimate the marginal values associated with a potential improvement in fishing experience, which can be compared with average values for existing trips estimated with the travel cost method. The results of the travel cost analysis provide strong evidence that recreational values vary between different groups of anglers and across sites, indicating that the transfer of recreational fishing values between population groups and sites may be complex. As well, the contingent valuation estimates for additional marginal benefits of recreational angling were conservative in relation to the values obtained from the travel cost models. This suggests that there is diminishing marginal utility associated with catching additional fish.

Suggested Citation

  • Rolfe, John & Prayaga, Prabha, 2006. "Estimating Values for Recreational Fishing at Freshwater Dams in Queensland," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139896, Australian Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:aare06:139896
    as

    Download full text from publisher

    File URL: http://ageconsearch.umn.edu/record/139896/files/2006_rolfeprayaga.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Christopher D. Azevedo & Joseph A. Herriges & Catherine L. Kling, 2003. "Combining Revealed and Stated Preferences: Consistency Tests and Their Interpretations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(3), pages 525-537.
    2. Shrestha, Ram K. & Seidl, Andrew F. & Moraes, Andre S., 2002. "Value of recreational fishing in the Brazilian Pantanal: a travel cost analysis using count data models," Ecological Economics, Elsevier, vol. 42(1-2), pages 289-299, August.
    3. Peter Schuhmann & Kurt Schwabe, 2004. "An Analysis of Congestion Measures and Heterogeneous Angler Preferences in a Random Utility Model of Recreational Fishing," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 27(4), pages 429-450, April.
    4. Wheeler, Sarah Ann & Damania, Richard, 2001. "Valuing New Zealand recreational fishing and an assessment of the validity of the contingent valuation estimates," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 45(4), December.
    5. A. Brett Hauber & George R. Parsons, 2000. "The Effect of Nesting Structure Specification on Welfare Estimation in a Random Utility Model of Recreation Demand: An Application to the Demand for Recreational Fishing," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 501-514.
    6. Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
    7. W. Michael Hanemann, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall.
    8. Roy Brouwer & Frank Spaninks, 1999. "The Validity of Environmental Benefits Transfer: Further Empirical Testing," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(1), pages 95-117, July.
    9. Driml, Sally, 2002. "Travel Cost Analysis of Recreation Value in the Wet Tropics World Heritage Area," Economic Analysis and Policy, Elsevier, vol. 32(2), pages 11-26, June Spec.
    10. Huang, Ju-Chin & Haab, Timothy C. & Whitehead, John C., 1997. "Willingness to Pay for Quality Improvements: Should Revealed and Stated Preference Data Be Combined?," Journal of Environmental Economics and Management, Elsevier, vol. 34(3), pages 240-255, November.
    11. Paul R. Portney, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall.
    12. Bennett, Jeffrey W., 1996. "Estimating the Recreation Use Values of National Parks," 1996 Conference (40th), February 11-16, 1996, Melbourne, Australia 149801, Australian Agricultural and Resource Economics Society.
    13. Beal, Diana J., 1995. "A Travel Cost Analysis of the Value of Carnarvon Gorge National Park for Recreational Use," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(02), August.
    14. Swait, Joffre & Adamowicz, Wiktor & Bueren, Martin van, 2004. "Choice and temporal welfare impacts: incorporating history into discrete choice models," Journal of Environmental Economics and Management, Elsevier, vol. 47(1), pages 94-116, January.
    15. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aare06:139896. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/aaresea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.