Document Type

Article

Journal/Book Title/Conference

Economics Research Institute Study Paper

Volume

3

Publisher

Utah State University Department of Economics

Publication Date

2001

Rights

Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at digitalcommons@usu.edu.

First Page

1

Last Page

31

Abstract

Changes in sportfishing trip attributes such as cost, harvest regulations, environmental quality, and resource abundance, affect both the expected net benefits associated with a fishing trip and participation decisions. The ability to estimate both of these is important for various types of policy analysis. This study uses stated preference questions of anglers who sport fished in the marine waters off the Kenai Peninsula. Alaska to estimate a nonlinear random effects probit model that expresses both angler net benefits and participation rates as functions of trip attributes. The use of stated preference data along with a nonlinear utility specification allows for the simulation of a wide range of policy scenarios. The study design permits the identification of substitution and complementary effects across fishing trip attributes, as well as nonlinear marginal utility.

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