Estimating Tournament Effects on Sportfishing Demand

John R. McKean, Donn Johnson and R.G. Taylor
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John R. McKean: AEI Economic Consultants, PO Box 120, Masonville, CO 80541, USA
Donn Johnson: Economics Department, Quinnipiac University Hamden, CT 06518, USA
R.G. Taylor: Department of Agricultural Economics, University of Idaho, Moscow, ID 83844, USA

Tourism Economics, 2014, vol. 20, issue 5, 1067-1086

Abstract: A two-step decision travel cost model is used to estimate the demand for sportfishing and to measure the effect of fishing tournaments on anglers' willingness-to-pay on the Lower Hudson River. The endogenous opportunity cost of angler travel time is incorporated in the demand function using a latent variable. The latent time value indicator is a count of the unique types of complementary and time-saving goods and services purchased during a fishing trip. Tournament fishing is valued at US$317 per angler per trip, compared to US$73 per angler per trip for other sportfishing.

Keywords: travel cost method; count data model; endogenous time value; fishing demand; tournament fishing; Lower Hudson River; JEL classification: Q51 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:20:y:2014:i:5:p:1067-1086

DOI: 10.5367/te.2013.0315

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