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Marine Resource Economics >
Volume 18, Number 4, 2003 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/28231
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| Title: | PARTICIPATION DECISIONS, ANGLER WELFARE, AND THE REGIONAL ECONOMIC IMPACT OF SPORTFISHING |
| Authors: | Criddle, Keith R.
Herrmann, Mark
Hamel, Charles
Lee, S. Todd |
| Issue Date: | 2003 |
| Abstract: | We link a stochastic binary choice model of individual decisions to participate in the marine sport fisheries in Cook Inlet, Alaska, with a simulation- based sample enumeration procedure for aggregating estimates of individual angler welfare and a regionally adjusted zip code-level input-output model of regional economic activity. The result is a behaviorally based model for predicting changes in angler welfare and regional economic activity occasioned by changes in the demand for sportfishing that arise from changes in trip costs or the expected number, size, or mix of species caught. The advantages of this approach are that: changes in angler participation are determined by variables that are observable, predictable, or subject to management control; participation reflects declining marginal utility, and substitution and complementary effects across trip attributes; estimates of changes in aggregate angler welfare and changes in regional economic impacts are derived from changes in individual participation probabilities. |
| URI: | http://purl.umn.edu/28231 |
| Institution/Association: | Marine Resource Economics>Volume 18, Number 4, 2003 |
| Total Pages: | 22 |
| Language: | English |
| From Page: | 291 |
| To Page: | 312 |
| Collections: | Volume 18, Number 4, 2003
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| 18040291.pdf | 118Kb | PDF | View/Open |
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