A Repeated Nested-Logit Model of Atlantic Salmon Fishing

• Main Authors: Edward R. Morey, Robert D. Rowe, Michael Watson
• Format: Article in Journal/Newspaper
• Language: unknown
• Subjects: Atlantic salmon
• Online Access: http://hdl.handle.net/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.