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An Inverse Demand Approach To Recreation Fishing Site Choice And Implied Marginal Values

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  • Larson, Douglas M.
  • Shaikh, Sabina L.

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.

Suggested Citation

  • Larson, Douglas M. & Shaikh, Sabina L., 1999. "An Inverse Demand Approach To Recreation Fishing Site Choice And Implied Marginal Values," 1999 Annual meeting, August 8-11, Nashville, TN 21577, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21577
    DOI: 10.22004/ag.econ.21577
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    References listed on IDEAS

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    1. Hausman, Jerry A. & Leonard, Gregory K. & McFadden, Daniel, 1995. "A utility-consistent, combined discrete choice and count data model Assessing recreational use losses due to natural resource damage," Journal of Public Economics, Elsevier, vol. 56(1), pages 1-30, January.
    2. Parsons George R. & Kealy Mary Jo, 1995. "A Demand Theory for Number of Trips in a Random Utility Model of Recreation," Journal of Environmental Economics and Management, Elsevier, vol. 29(3), pages 357-367, November.
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    4. Smith, V. Kerry, 1997. "Time and the Valuation of Environmental Resources," Discussion Papers 10485, Resources for the Future.
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    6. Cameron, Trudy Ann, 1988. "A new paradigm for valuing non-market goods using referendum data: Maximum likelihood estimation by censored logistic regression," Journal of Environmental Economics and Management, Elsevier, vol. 15(3), pages 355-379, September.
    7. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762.
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