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Valuing Bag Limits in the North Carolina Charter Boat Fishery with Combined Revealed and Stated Preference Data

Author

Listed:
  • John C. Whitehead
  • Christopher F. Dumas
  • Craig E. Landry
  • Jim Herstine

Abstract

We use telephone survey data on charter boat anglers to estimate demand models to value snapper-grouper and king mackerel bag limits in the North Carolina for-hire fishery. The telephone survey presents respondents with hypothetical situations about higher charter fees and lower snapper-grouper and king mackerel bag limits and asks about the number of trips they would take in each situation. Stated preference trip responses are used in a jointly estimated revealed and stated preference demand model. We find that reduction in the snapper-grouper bag limit from 15 fish to 7 fish would reduce the annual aggregate value of charter boat fishing by 29% due to quality effects. The reduction in the snapper-grouper bag limit would reduce the number of charter boat fishing trips by 25% and aggregate economic value an additional 25% million. Key Words: recreation demand, revealed preference, stated preference, charter fishing

Suggested Citation

  • John C. Whitehead & Christopher F. Dumas & Craig E. Landry & Jim Herstine, 2011. "Valuing Bag Limits in the North Carolina Charter Boat Fishery with Combined Revealed and Stated Preference Data," Working Papers 11-08, Department of Economics, Appalachian State University.
  • Handle: RePEc:apl:wpaper:11-08
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    File URL: http://econ.appstate.edu/RePEc/pdf/wp1108.pdf
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    References listed on IDEAS

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    1. Lee, Junsoo & List, John A. & Strazicich, Mark C., 2006. "Non-renewable resource prices: Deterministic or stochastic trends?," Journal of Environmental Economics and Management, Elsevier, pages 354-370.
    2. Abbott, Joshua & Maharaj, Vishwanie & Wilen, James E., 2009. "Designing ITQ programs for commercial recreational fishing," Marine Policy, Elsevier, pages 766-774.
    3. John Whitehead, 2006. "A comparison of contingent valuation method and random utility model estimates of the value of avoiding reductions in king mackerel bag limits," Applied Economics, Taylor & Francis Journals, vol. 38(15), pages 1725-1735.
    4. Carson, Richard & Hanemann, Michael & Steinberg, Dan, 1990. "A discrete choice contingent valuation estimate of the value of Kenai King salmon," Journal of Behavioral Economics, Elsevier, pages 53-68.
    5. Gillig, Dhazn & Woodward, Richard & Ozuna, Teofilo & Griffin, Wade L., 2003. "Joint Estimation of Revealed and Stated Preference Data: An Application to Recreational Red Snapper Valuation," Agricultural and Resource Economics Review, Cambridge University Press, pages 209-221.
    6. Jeffrey Englin & Trudy Cameron, 1996. "Augmenting travel cost models with contingent behavior data," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, pages 133-147.
    7. Massey, D. Matthew & Newbold, Stephen C. & Gentner, Brad, 2006. "Valuing water quality changes using a bioeconomic model of a coastal recreational fishery," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 482-500, July.
    8. Timothy Haab & Robert L. Hicks & Kurt Schnier & John C. Whitehead, 2010. "Angler Heterogeneity and the Species-Specific Demand for Marine Recreational Fishing," Working Papers 10-02, Department of Economics, Appalachian State University.
    9. Abbott, Joshua K. & Wilen, James E., 2009. "Rent dissipation and efficient rationalization in for-hire recreational fishing," Journal of Environmental Economics and Management, Elsevier, vol. 58(3), pages 300-314, November.
    10. P. Joan Poor & Matthew Breece, 2006. "The contingent behavior of charter fishing participants on the Chesapeake Bay: Welfare estimates associated with water quality improvements," Journal of Environmental Planning and Management, Taylor & Francis Journals, pages 265-278.
    11. John C. Whitehead & Subhrendu K. Pattanayak & George L. Van Houtven & Brett R. Gelso, 2008. "Combining Revealed And Stated Preference Data To Estimate The Nonmarket Value Of Ecological Services: An Assessment Of The State Of The Science," Journal of Economic Surveys, Wiley Blackwell, vol. 22(5), pages 872-908, December.
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    1. Valuing Bag Limits in the NC Charter Boat Fishery (working paper #11-08)
      by John Whitehead in Environmental Economics on 2011-07-30 07:13:11

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    Cited by:

    1. Robert A. Androkovich, 2015. "Recreational Visits to the Adam's River during the Annual Sockeye Run: A Travel Cost Analysis," Marine Resource Economics, University of Chicago Press, pages 35-49.

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