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Marine Resource Economics >
Volume 02, Number 1, 1985 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/47739
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| Title: | Estimating the Value of Variations in Anglers' Success Rates: An Application of the Multiple-Site Travel Cost Method |
| Authors: | Samples, Karl C.
Bishop, Richard C. |
| Issue Date: | 1985 |
| Series/Report no.: | Marine Resource Economics
Vol. 2 No. 1 |
| Abstract: | An estimation method is presented to measure
sport fishermen's valuation of exogenous changes in fishing quality (catch rates). A theoretical model is initially presented
to show how variations in prevailing catch rates influence an angler's valuation of recreational fishing. A two-stage estimation
approach is suggested that capitalizes on the notion that angler consumer surplus is sensitive to changes in success rates. The procedure entails first estimating sportfishing values at qualitatively different fishing sites using a multiple-site travel cost approach. Afterward, the sensitivity of estimated values to different success rate levels is measured using a separate regression procedure. An empirical application of this two-stage method to Lake Michigan sportfishing is given. It is estimated
that for Lake Michigan anglers who fish for trout and salmon, a 10% increase in success rates will increase average trip values by SUS 0.30. |
| URI: | http://purl.umn.edu/47739 |
| Identifiers: | 0738-1360 |
| Institution/Association: | Marine Resource Economics>Volume 02, Number 1, 1985 |
| Total Pages: | 20 |
| From Page: | 55 |
| To Page: | 74 |
| Collections: | Volume 02, Number 1, 1985
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| 8175650.pdf | | 4402Kb | PDF | View/Open |
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