annotated bibliography of fisheries economics literature - Office of ...

Agricultural Economics, 69(2):293-302.
In this paper, a theoretically consistent approach to including time
costs in recreational demand models is developed. The demand model is
conditional on the recreationist's labor market situation. For individuals at
corner solutions in the labor market, utility maximization is subject to two
constraints, leading to a demand function with travel costs and travel time as
independent variables. With interior solutions in the labor market, time is
valued at the wage rate and combined with travel costs to produce one "full
cost" variable. In an illustration, welfare measures based on the new model
are estimated for a sample of sportfishermen.
Bockstael, N.E., W. Michael Hanemann, and Catherine L. Kling (198?). "A
Survey of Models of Recreation Demand in a Multiple Site
Framework." Draft report, Department of Agricultural Economics,
University of Maryland, College Park, MD.
A topic that has received particular attention in the recreational
demand modeling literature is the modeling of the demand for systems of
alternative sites, as compared with the more traditional single site modeling
approaches. The multiple site models are frequently complex, diverging from
simple intuitive extensions of the single site model. They are also diverse,
and this together with their complexity makes assessment and comparison of
models and results difficult. While problems in the theory and application of
single site models remain, most practitioners understand these models and
their inherent problems and can apply them with a cautious confidence. In
contrast, multiple site models are difficult to sort out, to interpret, and to
estimate.
In this paper, we first explore the reasons why multiple site models
have been developed and outline a number of the approaches which have been
used. We then asses these models with a specific criteria in mind: how well
do they account for the specific nature of benefit changes in a multiple site
framework? Using a common data set, we demonstrate a few of the estimation
techniques.
Bockstael, N.E., K.E. McConnell, I.E. Strand (1989). "Measuring the
Benefits of Improvements in Water Quality: The Chesapeake Bay."
Marine Resource Economics, 6(1):1-18.
Federal, state, and local government agencies have joined forces in the
ambitious and expensive task of improving the water quality of the Chesapeake
Bay. Clean up efforts will be devoted to three major problems: nutrient over
enrichment, toxic substances, and the decline of submerged aquatic vegetation.
Although the beneficiaries are ultimately human, criteria for judging the
Bay's water quality have been primarily biological and physical. This paper
addresses the question of the human values from the Bay. How do people use
the Bay and how much are they willing to pay for the changes in water quality
that improve their use: With a variety of methods and data sources, we
estimate the annual aggregate willingness to pay for a moderate improvement in
the Chesapeake Bay's water quality to be in the range of $10 to $100 million
in 1984 dollars.
Bockstael, N.E., K.E. McConnell, I.E. Strand (1989). "A Random Utility
Model for Sportfishing: Some Preliminary Results for Florida."
Marine Resource Economics, 6(3):245-260.
The gray literature in the field of nonmarket benefit measurement has
made extensive use of the random utility (or discrete choice) model in recent
years, but few applications appear in the literature. This article provides
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