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1 September 2011 Valuing Bag Limits in the North Carolina Charter Boat Fishery with Combined Revealed and Stated Preference Data
JOHN C. WHITEHEAD
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Abstract

We use telephone survey data on charter boat anglers to estimate demand models to value snapper-grouper and king mackerel bag limits in the North Carolina for-hire fishery. The telephone survey presents respondents with hypothetical situations about higher charter fees and lower snapper-grouper and king mackerel bag limits and asks about the number of trips they would take in each situation. Stated preference trip responses are used in a jointly estimated revealed and stated preference demand model. We find that reduction in the snapper-grouper bag limit from 15 to 7 fish would reduce the annual aggregate value of charter boat fishing by 29% due to quality effects. The reduction in the snapper-grouper bag limit would reduce the number of charter boat fishing trips by 25%.

JEL Classification Code: Q22, Q26, Q51

JOHN C. WHITEHEAD "Valuing Bag Limits in the North Carolina Charter Boat Fishery with Combined Revealed and Stated Preference Data," Marine Resource Economics 26(3), 233-241, (1 September 2011). https://doi.org/10.5950/0738-1360-26.3.233
Published: 1 September 2011
JOURNAL ARTICLE
9 PAGES

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KEYWORDS
charter fishing
Recreation demand
revealed preference
stated preference
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