Participation decisions, angler welfare, and the regional economic impact of sportfishing
- Authors: K.R. Criddle, M. Herrmann, S.T. Lee, and C. Hamel
- Pub. no.: RP-04-01
- Year: 2003
- Price: Single copies free
Description
The marine sport fisheries of Cook Inlet, Alaska, provide enjoyment to participants and substantial income to residents and businesses of the Kenai Peninsula. But the fisheries are subject to variation in abundance, and are managed under overlapping and changing state and federal regulations and international agreements. The authors propose a new economic model for the fishery—to help provide cost-benefit analyses of how policy changes would affect angler participation rates, angler satisfaction, and regional economic activity. They propose a behavior-based model for predicting changes in angler satisfaction and economic activity, based on trip costs or the expected number, size, or mix of species caught. The authors link a stochastic binary choice model of individual decisions to go fishing, with a simulation-based sample enumeration procedure for aggregating estimates of angler satisfaction and an input-output model of economic activity. Marine Resource Economics 18:291-312.
