The use of sampling weights in regression models of recreational fishing-site choices

Lovell, Sabrina J.; Carter, David W.

doi:10.7755/fb.112.4.1

Cited by 10 publications

(4 citation statements)

References 10 publications

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“…However, in the last column we show the range of CS per fish for each species based on estimates in the literature. The range of estimates are based on the results and literature review in Carter and Liese (2012), Carter (2014), andHaab et al (2012). The calculated CS estimates in the fourth column for all species, except snapper, are within the range of estimates in the literature.…”

Section: Parameter Estimatesmentioning

confidence: 54%

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: Parameter Estimatesmentioning

confidence: 54%

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

Carter

Liese

Lovell

2022

Marine Resource Economics

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“…Hence, we model recreational behavior using data on fishing trips taken to sites in western Florida, Alabama, and Mississippi. To focus specifically on single-day fishing trips, we follow Lovell and Carter [ 27 ] and exclude anglers who traveled more than 150 miles (one-way) from their home zip code, and we reduce the size of their choice sets by excluding sites that are more than 150 miles away. Since our data do not include Texas, we do not include site-specific constants, which could not be obtained for the Texas bays in our simulation model.…”

Section: Methodsmentioning

confidence: 99%

A coupled recreational anglers’ decision and fish population dynamics model

2018

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The effective management of fish populations requires understanding of both the biology of the species being managed and the behavior of the humans who harvest those species. For many marine fisheries, recreational harvests represent a significant portion of the total fishing mortality. For such fisheries, therefore, a model that captures the dynamics of angler choices and the fish population would be a valuable tool for fisheries management. In this study, we provide such a model, focusing on red drum and spotted seatrout, which are the two of the main recreational fishing targets in the Gulf of Mexico. The biological models are in the form of vector autoregressive models. The anglers’ decision model takes the discrete choice approach, in which anglers first decide whether to go fishing and then determine the location to fish based on the distance and expected catch of two species of fish if they decide to go fishing. The coupled model predicts that, under the level of fluctuation in the abundance of the two species experienced in the past 35 years, the number of trips that might be taken by anglers fluctuates moderately. This fluctuation is magnified as the cost of travel decreases because the anglers can travel long distance to seek better fishing conditions. On the other hand, as the cost of travel increases, their preference to fish in nearby areas increases regardless of the expected catch in other locations and variation in the trips taken declines. The model demonstrates the importance of incorporating anglers’ decision processes in understanding the changes in a fishing effort level. Although the model in this study still has a room for further improvement, it can be used for more effective management of fish and potentially other populations.

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“…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.…”

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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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The use of sampling weights in regression models of recreational fishing-site choices

Cited by 10 publications

References 10 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

A coupled recreational anglers’ decision and fish population dynamics model

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

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