A Repeated Mixed Logit Approach to Valuing a Local Sport Fishery: The Case of Southeast Alaska Salmon

Daniel K. Lew and Douglas M. Larson

Land Economics, 2011, vol. 87, issue 4

Abstract: We estimate the values of fishing opportunities and changes in harvest rates for single-day private boat saltwater fishing for king and silver salmon in southeast Alaska, using a repeated mixed logit model of trip frequency and distribution estimated jointly with anglers’ shadow values of time. The standard assumption that the shadow value of time is a fixed fraction of the angler’s wage is rejected in favor of a more flexible model. The mean value of a fishing choice occasion is approximately $45 per angler, and mean marginal values of a king salmon and a silver salmon are approximately $71 and $106.

JEL-codes: Q22 Q51 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://le.uwpress.org/cgi/reprint/87/4/712
A subscription is required to access pdf files. Pay per article is available.

Related works:
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:87:y:2011:iv:1:p:712-729

Access Statistics for this article

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