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25 April 2016 Valuing Sportfishing Harvest with the Demand for Boat Fuel
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Abstract

This article presents a novel application of the essential input welfare measure to valuing sportfishing harvest. The approach was suggested 30 years ago and has only been applied two other times with market data and has never been applied in the recreation context. We model boat fuel as an essential input in the production of sportfish harvested offshore and trace the value of changes in harvest quality with shifts in the demand for boat fuel. To implement the model we generate the first estimate of the demand for sportfishing boat fuel using the infrequent-purchases model. The estimate of boat fuel price elasticity is more than six times larger than typical estimates for the household demand for automobile fuel. Our estimates of the value of fishing quality are similar to estimates using stated preference and travel cost methods, but have the advantage of being based on market purchases.

JEL Codes: Q260, Q510, Q220.

© 2016 MRE Foundation, Inc. All rights reserved.
David W. Carter, Akbar Marvasti, Christopher Liese, and Scott Crosson "Valuing Sportfishing Harvest with the Demand for Boat Fuel," Marine Resource Economics 31(3), (25 April 2016). https://doi.org/10.1086/686580
Received: 4 December 2014; Accepted: 1 November 2015; Published: 25 April 2016
JOURNAL ARTICLE
15 PAGES

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