Sea bass angling in Ireland: A structural equation model of catch and effort

Gianluca Grilli, John Curtis, Stephen Hynes and Paul O'Reilly

No WP574, Papers from Economic and Social Research Institute (ESRI)

Abstract: The relationship between angling effort and catch is well-recognised, in particular, that effort influences catch rates. But increased catch, which can be considered an attribute of fishery quality, may influence effort in terms of number of fishing trips. This suggests bi-directional feedback between catch and effort. In many travel cost applications, little attention has been given to this endogeneity problem. In this paper, we expand the application of structural equation models to address this issue by jointly estimating demand (effort) and catch functions.

Date: 2017-11
New Economics Papers: this item is included in nep-agr
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Journal Article: Sea Bass Angling in Ireland: A Structural Equation Model of Catch and Effort (2018)
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