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.
McFadden D. The Travel Cost Method for Valuing Recreational Fishing -- Issues of Sampling, Estimation, and WTP For Site Improvements. In: Microbehavior and Macroresults: Proceedings of the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA. Compiled by Richard S. Johnston and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.