Total Economic Valuation of Great Lakes Recreational Fisheries: Attribute Nonattendance, Hypothetical Bias, and Insensitivity to Scope

John Whitehead, Gregory Howard and Louis Cornicelli

Land Economics, 2025, vol. 101, issue 4, 550-565

Abstract: We use stated preference methods to estimate willingness to pay to avoid reductions in recreational catch in Great Lakes fisheries. We compare willingness-to-pay estimates where uncertain “in favor” votes are recoded to “against” votes to an attribute nonattendance model that focuses on the policy cost attribute. We find that the two hypothetical bias models yield similar results. We estimate another attribute nonattendance model that considers the scope of the policy and find that the scope elasticity is significantly underestimated in other models. The willingness to pay in this last model is higher than in the other models.

JEL-codes: Q22 Q51 (search for similar items in EconPapers)
Date: 2025
Note: DOI: https://doi.org/10.3368/le.101.4.030424-0021R
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://le.uwpress.org/cgi/reprint/101/4/550
A subscription is required to access pdf files. Pay per article is available.

Related works:
Working Paper: Total Economic Valuation of Great Lakes Recreational Fisheries: Attribute Non-attendance, Hypothetical Bias and Insensitivity to Scope (2024)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:101:y:2025:i:4:p:550-565

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().