A Recreation Demand Model of the North Carolina For-Hire Fishery

22 Pages Posted: 27 Jun 2013

See all articles by John C. Whitehead

John C. Whitehead

Appalachian State University - Department of Economics

Christopher F. Dumas

University of North Carolina at Wilmington - Cameron School of Business - Department of Economics and Finance

Craig E. Landry

UGA Ag & Applied Economics

Jim Herstine

Unibersity of North Carolina at Wilmington

Date Written: May 18, 2013

Abstract

In this paper we measure the recreational economic benefits of the for-hire recreational fishery in the coastal region of North Carolina. We estimate a single trip random utility model for primary purpose and secondary purpose anglers with data from a field survey of charter and head-boat passengers. We find that primary and secondary purpose anglers exhibit significantly different behavior with regards to cost. However, once costs are weighted for secondary purpose anglers the value of catch is not statistically different across groups. For primary purpose anglers, the willingness to pay per trip is between $1800 and $2000 for one additional billfish (per angler), between $55 and $65 for one additional coastal migratory pelagic fish, $39 for one additional mackerel, and the willingness to pay per trip for an additional snapper-grouper is between $61 and $94. The net economic value for a charter boat trip averages $624 per angler per trip, and net economic value for a head boat trip is $102 per angler per trip.

Keywords: recreation demand, fishing, charter boat, head boat, willingness to pay, fish catch

JEL Classification: Q22, Q26

Suggested Citation

Whitehead, John C. and Dumas, Christopher F. and Landry, Craig and Herstine, Jim, A Recreation Demand Model of the North Carolina For-Hire Fishery (May 18, 2013). Available at SSRN: https://ssrn.com/abstract=2284939 or http://dx.doi.org/10.2139/ssrn.2284939

John C. Whitehead (Contact Author)

Appalachian State University - Department of Economics ( email )

Boone, NC 28608
United States

Christopher F. Dumas

University of North Carolina at Wilmington - Cameron School of Business - Department of Economics and Finance ( email )

Wilmington, NC 28403
United States

Craig Landry

UGA Ag & Applied Economics ( email )

Athens, GA 30602-7509
United States

Jim Herstine

Unibersity of North Carolina at Wilmington ( email )

601 South College Road
Wilmington, NC 28403
United States

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