Does angler willingness-to-pay for changes in harvest regulations vary by state? Results from a choice experiment in the Gulf of Mexico

Carter, David W.; Lovell, Sabrina J.; Liese, Christopher

doi:10.1016/j.marpol.2020.104196

Cited by 6 publications

(3 citation statements)

References 19 publications

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“…The results of more complex estimators are available upon request. Results from more complex estimators using a different sample from the same survey are also presented in a companion paper (Carter, Lovell, and Liese 2020).…”

Section: Specification and Estimationmentioning

confidence: 99%

The Option Price of Recreational Bag Limits and the Value of Harvest

Carter

Liese

Lovell

2022

Marine Resource Economics

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Daily harvest limits are a common form of regulation in consumptive recreation. We show that angler willingness to pay for a bag limit change is an option price and show how it relates to the value of harvest changes. Specifically, if expected utility theory holds, then option prices for one-fish bag limit increments along with catch distributions can be used to "recover" the compensating surplus (CS) for harvest increments. We also show that further assumptions (e.g., risk neutrality) are necessary to recover the CS for harvest from option prices for larger bag limit increments. We demonstrate our method using a choice experiment and catch data for Gulf of Mexico anglers. This work gives analysts a way to adapt the information at hand to the policy question. For example, when CS estimates are needed for an ex post analysis, but only option prices are available, our work shows how to obtain the required CS information.

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Section: Specification and Estimationmentioning

confidence: 99%

The Option Price of Recreational Bag Limits and the Value of Harvest

Carter

Liese

Lovell

2022

Marine Resource Economics

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“…2012a, 2012b; Lovell and Carter 2014; Carter et al. 2020). There is less research on how marine anglers respond to changes in catch rates or regulations.…”

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confidence: 99%

“…Most economic studies of recreational fishing in the southeastern USA focus on the value of changes in catch rates or regulations for important species, such as Red Snapper Lutjanus campechanus, grouper, King Mackerel Scomberomorus cavalla, and Dolphinfish Coryphaena hippurus (Gillig et al 2003;Hindsley et al 2011;Carter and Liese 2012;Haab et al 2012aHaab et al , 2012bLovell and Carter 2014;Carter et al 2020). There is less research on how marine anglers respond to changes in catch rates or regulations.…”

mentioning

confidence: 99%

The Effect of Changes in Trip Costs and Gag Regulations on Recreational Fishing Demand in the Gulf of Mexico

Carter

Lovell

Records

et al. 2022

N American J Fish Manag

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The Gag Mycteroperca microlepis is one of the most popular reef fish targeted by anglers fishing in the Gulf of Mexico. Around 7% of all trips by private boat anglers fishing from the west coast of Florida in 2019 targeted Gag during the open season. We conducted a survey of private boat anglers in Florida and estimated a statistical model to predict changes in the number of fishing trips anticipated with changes in trip costs and Gag bag limits. We found that for the average angler, the economic value of each private boat trip is around US$200 and that a $10 increase in trip costs would decrease private boat fishing trips by 5%. We also found that, on average, private boat anglers targeting Gag would take 12% more trips if the bag limit was increased by one fish from the current bag limit of two fish. The results of our study will help to anticipate the extent to which recreational fishing effort and value could change when trip costs and Gag regulations change.

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Valuing harvest regulation changes in recreational fisheries with a discrete choice experiment study: What can we learn from a synthetic review?

Rambonilaza

Kerouaz

2023

Economic Analysis and Policy

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Does angler willingness-to-pay for changes in harvest regulations vary by state? Results from a choice experiment in the Gulf of Mexico

Cited by 6 publications

References 19 publications

The Option Price of Recreational Bag Limits and the Value of Harvest

The Option Price of Recreational Bag Limits and the Value of Harvest

The Effect of Changes in Trip Costs and Gag Regulations on Recreational Fishing Demand in the Gulf of Mexico

Valuing harvest regulation changes in recreational fisheries with a discrete choice experiment study: What can we learn from a synthetic review?

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