A Repeated Nested-Logit Model of Atlantic Salmon Fishing

• Published in: American Journal of Agricultural Economics
• Main Authors: Morey, Edward R., Rowe, Robert D., Watson, Michael
• Format: Text
• Language: English
• Published: Oxford University Press 1993
• Subjects: Articles; Atlantic salmon
• Online Access: http://ajae.oxfordjournals.org/cgi/content/short/75/3/578; https://doi.org/10.2307/1243565

Participation and site choice for Atlantic salmon fishing are modeled in the context of a repeated three-level nested-logit model. Consumer's surplus measures are derived for different levels of species availability in the Penobscot River, the most important salmon river in New England. For comparison, six other travel-cost models are estimated. These include restrictive cases of the nested-logit model, a partial demand model, and two single-site demand models. Comparisons across these models indicate the importance of modeling the participation decision, including income effects, and of adopting a nested-logit structure rather than a single-level logit structure.