AN INVERSE DEMAND APPROACH TO RECREATION FISHING SITE CHOICE AND IMPLIED MARGINAL VALUES

Douglas M. Larson and Sabina L. Shaikh

No 21577, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: An alternative methodology for determining marginal willingness to pay values for recreational fishing trips is developed based on inverse demand systems and the distance function. Our empirical application uses joint estimation of several species-specific site equations from a recreation fishing data set. Results are compared to a random utility model.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 18
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea99:21577

DOI: 10.22004/ag.econ.21577

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