A Repeated Nested-Logit Model of Atlantic Salmon Fishing
Edward Morey (),
Robert D. Rowe and
American Journal of Agricultural Economics, 1993, vol. 75, issue 3, 578-592
Participation and site choice for Atlantic salmon fishing are modeled in the context of a repeated three-level nested-logit model. Consumer's surplus measures are derived for different levels of species availability in the Penobscot River, the most important salmon river in New England. For comparison, six other travel-cost models are estimated. These include restrictive cases of the nested-logit model, a partial demand model, and two single-site demand models. Comparisons across these models indicate the importance of modeling the participation decision, including income effects, and of adopting a nested-logit structure rather than a single-level logit structure.
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:75:y:1993:i:3:p:578-592.
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