Abstract:
This talk surveys methodological developments in the analysis of recreational fishing demand using the "travel
cost method", in which the value of a fishing experience is inferred from the generalized travel costs incurred to reach
desirable fishing sites. A first set of issues concern sampling anglers to obtain data on participation, avidity, and site
selection, particularly the use of intercept surveys and panels recruited by intercept
.
A second set of issues deal with the specification and estimation of recreational fishing demand models, particularly the use
of mixed multinomial logit models as a device for capturing the distribution of preferences for recreational fishing. The final
set of issues concern the translation of estimated demand models into measures of willingness-to-pay (WTP) for
improvements in fishing sites.
