The Travel Cost Method for Valuing Recrational Fishing -- Issues of Sampling, Estimation, and WTP for Site Improvements, Daniel L. McFadden


The Travel Cost Method for Valuing Recrational Fishing -- Issues of Sampling, Estimation, and WTP for Site Improvements By Daniel L. McFadden 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. View Non-market Valuation: Recreational Fisheries Session

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