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Volume 15, Number 2, 2000 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/28179
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| Title: | THE VALUE OF THE GULF OF MEXICO RECREATIONAL RED SNAPPER FISHERY |
| Authors: | Ozuna, Teofilo, Jr.
Gillig, Dhazn
Griffin, Wade L. |
| Issue Date: | 2000 |
| Abstract: | This study estimates the value of recreational red snapper fishing in the Gulf of Mexico. Additionally, the study shows how to decompose the estimated red snapper recreation demand function into changes: (i) due to recreationists who were not taking recreational red snapper fishing trips but were induced to take a trip in response to changes in catch rates and (ii) due to recreationists already taking trips and responding to changes in catch rates. The decomposition allows us to also decompose the estimated elasticities and consumer surplus. The results indicate that an improvement in expected fishing quality will increase consumer surplus and that most of the increase is contributed by recreationists who initially do not take recreational red snapper fishing trips, but later take a positive number of trips. This finding has important policy implications for managing the red snapper fishery in the Gulf of Mexico. |
| URI: | http://purl.umn.edu/28179 |
| Institution/Association: | Marine Resource Economics>Volume 15, Number 2, 2000 |
| Total Pages: | 13 |
| Language: | English |
| From Page: | 127 |
| To Page: | 139 |
| Collections: | Volume 15, Number 2, 2000
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