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Wtp for Artificial Reefs in Florida By Residents, Boat Owners, and the for-Hire Sector

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  • Many of the coastal counties in Florida have active artificial reef deployment and monitoring programs. These reef systems have been shown to be an important destination for the marine recreational boating industry, as well as for the for-hire commercial sector (i.e., six-pack charter vessels, guide boats, party/head boats, and dive charters). These reefs are used for both fishing and diving. A series of surveys were sent to private boat owners (approx. 20,000), for-hire business owners (approx. 900), and for-hire patrons (approx. 6.8 million email invitations to an online survey) on their artificial reef use in Southwest Florida (i.e., Lee, Charlotte, Sarasota, Manatee, Hillsborough, and Pinellas Counties). Respondents were also asked a dichotomous choice willingness-to-pay (WTP) question that used a trust fund payment vehicle associated with their license renewal. Four fee levels were randomized across respondents. Yes responses were followed by asking how sure are you of this decision? with a closed-ended response format with four certainty levels. Those selecting very sure of their decision were also asked to provide the maximum they would be WTP. No responses were followed by asking them to provide a lower amount they would be WTP and, if not, why. Results will be used to explain to estimate WTP and explain WTP responses that program managers can use to justify continued investment in such programs.
  • Keywords: Fishery Management, Fisheries Economics, Fisheries and Coastal Zone Management
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  • Larkin, Sherry, Charles M. Adams, John Whitehead and Robert Swett. 2010. Wtp for Artificial Reefs in Florida By Residents, Boat Owners, and the for-Hire Sector. In: Proceedings of the Fifteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 13-16, 2010, Montpellier, France: Economics of Fish Resources and Aquatic Ecosystems: Balancing Uses, Balancing Costs. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2010.
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  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, Agence Française de Développement, Ministère de l’Enseignement Supérieur et de la Recherche, Ministère de L’Alimentation de L’Agriculture et de la Pêche, Ministère de l’Énergie, du Développement Durable et de la Mer, La Région Languedoc Rouslilon, Département Hérault, Montpellier Agglomèration, The Department of Fisheries and Oceans, Canada, and AquaFish Collaborative Research Support Program (CRSP).
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