Valuing a change in a fishing site without collecting characteristics data on all fishing sites: a complete but minimal model

Resource economists are often asked to value a proposed change at one, and only one, recreational site; the model we develop and estimate is applicable for those cases. The application is valuing the elimination of fish consumption advisories on a large bay on Lake Michigan. The model is minimal but...

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Veröffentlicht in:American journal of agricultural economics 2006-02, Vol.88 (1), p.150-161
Hauptverfasser: Morey, Edward R., Breffle, William S.
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container_title American journal of agricultural economics
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creator Morey, Edward R.
Breffle, William S.
description Resource economists are often asked to value a proposed change at one, and only one, recreational site; the model we develop and estimate is applicable for those cases. The application is valuing the elimination of fish consumption advisories on a large bay on Lake Michigan. The model is minimal but complete: complete in that the choice set is not restricted, minimal in that only two conditional indirect utility functions are estimated. It is utility-theoretic and one does not have to collect characteristic data on all of the other fishing sites in the region. Data include the number of trips each individual currently takes to Green Bay, answers to "would you prefer to fish Green Bay under conditions A or B?" and how often each angler says they would fish Green Bay under different sets of conditions.
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source Jstor Complete Legacy; Wiley Online Library Journals Frontfile Complete; Business Source Complete
subjects Agricultural economics
attitudes and opinions
bans and sanctions
C510
Common fisheries policy
Consumption
contingent valuation
Data collection
decision support systems
econometric models
Economic models
Environmental economics
estimation
Fees
Fisheries
Fishers
Fishing
food choices
food contamination
food safety
Forecasts
Freshwater
freshwater fish
Freshwater fishes
human behavior
intentions
Lake Michigan
Modeling
Mountain biking
natural resource economics
natural resource management
PCB
Pisces
Polychlorinated biphenyls
Q220
recreation areas
Resource management
RP data
single-site
SP choice data
SP frequency data
Sport fishing
Studies
surveys
Travel
U.S.A
Utility functions
Water pollution
title Valuing a change in a fishing site without collecting characteristics data on all fishing sites: a complete but minimal model
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