DERIVING SPECIES-SPECIFIC BENEFITS MEASURES FOR EXPECTED CATCH IMPROVEMENTS IN A RANDOM UTILITY FRAMEWORK
A random utility model of site choice is applied to marine recreational fishing trips in North Carolina. Expectations of catch rates of different species groups are estimated using a Poisson specification. A likelihood ratio test is employed to separate the expected catch of red drum (Scianops ocell...
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ftagecon:oai:ageconsearch.umn.edu:28192 2023-05-15T18:06:02+02:00 DERIVING SPECIES-SPECIFIC BENEFITS MEASURES FOR EXPECTED CATCH IMPROVEMENTS IN A RANDOM UTILITY FRAMEWORK Schuhmann, Peter W. 1998 21 application/pdf http://purl.umn.edu/28192 English en eng AgEcon Search Marine Resource Economics>Volume 13, Number 1, 1998 15169 http://purl.umn.edu/28192 Resource /Energy Economics and Policy Journal Article 1998 ftagecon 2012-09-12T16:24:39Z A random utility model of site choice is applied to marine recreational fishing trips in North Carolina. Expectations of catch rates of different species groups are estimated using a Poisson specification. A likelihood ratio test is employed to separate the expected catch of red drum (Scianops ocellatus) from a larger species group. Per trip measures of compensating variation are measured for two alternative specifications of an improvement in red drum catch, and the catch of other species groups. Willingness-to-pay measures are reported by fishing mode according to target species. Anglers targeting a particular species have higher willingness-to-pay than anglers targeting a different species, and anglers with any target have higher willingness-to-pay than anglers with no target. Article in Journal/Newspaper Red drum AgEcon Search - Research in Agricultural & Applied Economics |
institution |
Open Polar |
collection |
AgEcon Search - Research in Agricultural & Applied Economics |
op_collection_id |
ftagecon |
language |
English |
topic |
Resource /Energy Economics and Policy |
spellingShingle |
Resource /Energy Economics and Policy Schuhmann, Peter W. DERIVING SPECIES-SPECIFIC BENEFITS MEASURES FOR EXPECTED CATCH IMPROVEMENTS IN A RANDOM UTILITY FRAMEWORK |
topic_facet |
Resource /Energy Economics and Policy |
description |
A random utility model of site choice is applied to marine recreational fishing trips in North Carolina. Expectations of catch rates of different species groups are estimated using a Poisson specification. A likelihood ratio test is employed to separate the expected catch of red drum (Scianops ocellatus) from a larger species group. Per trip measures of compensating variation are measured for two alternative specifications of an improvement in red drum catch, and the catch of other species groups. Willingness-to-pay measures are reported by fishing mode according to target species. Anglers targeting a particular species have higher willingness-to-pay than anglers targeting a different species, and anglers with any target have higher willingness-to-pay than anglers with no target. |
format |
Article in Journal/Newspaper |
author |
Schuhmann, Peter W. |
author_facet |
Schuhmann, Peter W. |
author_sort |
Schuhmann, Peter W. |
title |
DERIVING SPECIES-SPECIFIC BENEFITS MEASURES FOR EXPECTED CATCH IMPROVEMENTS IN A RANDOM UTILITY FRAMEWORK |
title_short |
DERIVING SPECIES-SPECIFIC BENEFITS MEASURES FOR EXPECTED CATCH IMPROVEMENTS IN A RANDOM UTILITY FRAMEWORK |
title_full |
DERIVING SPECIES-SPECIFIC BENEFITS MEASURES FOR EXPECTED CATCH IMPROVEMENTS IN A RANDOM UTILITY FRAMEWORK |
title_fullStr |
DERIVING SPECIES-SPECIFIC BENEFITS MEASURES FOR EXPECTED CATCH IMPROVEMENTS IN A RANDOM UTILITY FRAMEWORK |
title_full_unstemmed |
DERIVING SPECIES-SPECIFIC BENEFITS MEASURES FOR EXPECTED CATCH IMPROVEMENTS IN A RANDOM UTILITY FRAMEWORK |
title_sort |
deriving species-specific benefits measures for expected catch improvements in a random utility framework |
publisher |
AgEcon Search |
publishDate |
1998 |
url |
http://purl.umn.edu/28192 |
genre |
Red drum |
genre_facet |
Red drum |
op_relation |
Marine Resource Economics>Volume 13, Number 1, 1998 15169 http://purl.umn.edu/28192 |
_version_ |
1766177599965364224 |