 Low-income fishermen's willingness-to-pay for fisheries and watershed management: An application of choice experiment to Lake Tana, EthiopiaFitalew Agimass and Alemu Mekonnen Ecological Economics, 2011, vol. 71, issue C, 162-170 Abstract: In this paper, choice experiment was applied for valuation of Lake Tana's fishery and watershed. Two attributes — fishing control and lake side plantation — were identified as relevant attributes for the choice experiment. A monetary attribute — payment for fishing permit was also included. Multinomial and random parameter logit models were used for estimation. All the attributes included were significant factors in affecting the probability of choosing an alternative scenario. The results suggest that fishermen were more concerned about fishing control as reflected by the higher value they give to fishing control than lake side plantation. Household income, years of education, and family size were found to be significant. The economic welfare measures we calculated for two scenarios show that fishermen were willing to pay 57 birr (US$5.3)) per month for a moderate improvement scenario and 93 birr (US$8.6) per month for an aggressive scenario for the two attributes. Keywords: Choice experiment; Fishing control; Lake side plantation; Marginal willingness to pay; Payment for fishing permit; Valuation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:71:y:2011:i:c:p:162-170 DOI: 10.1016/j.ecolecon.2011.08.025 Access Statistics for this article Ecological Economics is currently edited by C. J. Cleveland More articles in Ecological Economics from Elsevier |
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