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Economic valuation of recreational fishing in W estern A ustralia: statewide random utility modelling of fishing site choice behaviour
Author(s) -
Raguragavan Jananee,
Hailu Atakelty,
Burton Michael
Publication year - 2013
Publication title -
australian journal of agricultural and resource economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 1364-985X
DOI - 10.1111/1467-8489.12009
Subject(s) - fishing , recreational fishing , fishery , recreation , valuation (finance) , fish <actinopterygii> , geography , business , ecology , biology , finance
Allocation of fish resources is a controversial subject. This is partly because of our limited understanding of the values of fishing opportunities. This study investigates fishing site choices in W estern A ustralia using national survey data covering eight major fishing regions and forty‐eight fishing sites. We estimate a random utility model ( RUM ) of site choice with a supporting negative binomial model of angler‐specific expected catch rates. Value estimates for fish types, fishing site attribute changes and access values are presented and discussed.