A Recreation Demand Model of the North Carolina For-Hire Fishery: A Comparison of Primary and Secondary Purpose Anglers
In this paper we measure the recreational economic benefits of the for-hire recreational fishery in the coastal region of North Carolina. We estimate a single trip random utility model for primary purpose and secondary purpose anglers with data from a field survey of charter and head-boat passengers. We find that primary and secondary purpose anglers exhibit significantly different behavior with regards to cost. However, once costs are weighted for secondary purpose anglers the value of catch is not statistically different across groups. For primary purpose anglers, the willingness to pay per trip is between $1800 and $2000 for one additional billfish (per angler), between $55 and $65 for one additional coastal migratory pelagic fish, $39 for one additional mackerel, and the willingness to pay per trip for an additional snapper-grouper is between $61 and $94. The net economic value for a charter boat trip averages $624 per angler per trip, and net economic value for a head boat trip is $102 per angler per trip. Key Words:
|Date of creation:||2013|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.business.appstate.edu/departments/economics/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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, vol. 49(2), pages 265-278.
- 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.
- 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.
- Abbott, Joshua & Maharaj, Vishwanie & Wilen, James E., 2009. "Designing ITQ programs for commercial recreational fishing," Marine Policy, Elsevier, vol. 33(5), pages 766-774, September.
When requesting a correction, please mention this item's handle: RePEc:apl:wpaper:13-21. 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: (O. Ashton Morgan)
If references are entirely missing, you can add them using this form.