Conference Proceedings Or Journal
 

Wall Street Or Pacific Stocks? An Analysis of the Historical Drivers of Sportfishing Demand

Public Deposited

Downloadable Content

Download PDF
https://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/d791sh12t

Descriptions

Attribute NameValues
Creator
Abstract
  • Recent aggregate models of recreational participation have largely focused on demand systems and choice models utilizing cross sectional data. While these strategies may be advantageous for the estimation of welfare measures, they have left unexplored the relationship between recreation participation and general temporal economic trends. This research shifts its focus to the impact that general economic trends have on recreation participation while controlling for endogenous factors that impact demand through changes in quality. This research develops a theoretical model of consumer participation for recreational fishing being conditionally dependent on economic and fishing characteristics, such as fish stock and climate. The model is applied to a unique time series of commercial recreational fishing effort within the Southern California tuna charter and party boat fleets between 1950 to 2008. The demand for fishing effort is estimated utilizing an auto-regressive framework incorporating both economic and fishery characteristics; the analysis includes the testing of structural breaks in demand for fishing effort while allowing for technological change within the fishery. Empirical results illustrate that changes in relative recreator effort within the fishery are driven by both economic and fishery characteristics. Results support the calculation of cross elasticity estimates of income and fishery characteristics on fishing effort. The research suggests that single period or panel data analyses may neglect to account for changes in demand for recreation due to macroeconomic, biological, and environmental conditions which can be captured through time series analysis. Failure to indentify these effects may lead to biased estimates.
  • Keywords: Valuing Recreational Fisheries and Modelling Human Responses to Changes in their Management Regimes, Special Topics, Fisheries Economics, Fishery Management
Resource Type
Date Available
Date Issued
Citation
  • Hilger, James and Eric Janofsky. 2010. Wall Street Or Pacific Stocks? An Analysis of the Historical Drivers of Sportfishing Demand. 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.
Conference Name
Subject
Rights Statement
Funding Statement (additional comments about funding)
  • 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).
Publisher
Peer Reviewed
Language
Replaces

Relationships

Parents:

This work has no parents.

In Collection:

Items

Thumbnail Title Date Uploaded Visibility Actions
file details 80.pdf 2017-07-14 Public Download