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Valuing recreational fishing in Tasmania and assessment of response bias in contingent valuation


Yamazaki, S and Rust, S and Jennings, SM and Lyle, JM and Frijlink, SD, Valuing recreational fishing in Tasmania and assessment of response bias in contingent valuation, Australian Journal of Agricultural and Resource Economics, 57, (2) pp. 193-213. ISSN 1467-8489 (2013) [Refereed Article]

Copyright Statement

Copyright 2013 Australian Agricultural and Resource Economics Society Inc. and Wiley Publishing Asia Pty Ltd

DOI: doi:10.1111/j.1467-8489.2012.00614.x


We report results from contingent valuation studies in each of two Tasmanian fisheries that estimate the value of a day’s recreational fishing. Published studies estimating the economic value of recreational fishing in Australia and New Zealand are limited, although the economic and social benefits associated with this activity are sizable and the importance of understanding the behaviour of recreational fishers for the sustain-able management of aquatic resources is well recognised. In our contingent valuation surveys, we use a double-bounded version of the dichotomous choice question, which improves the statistical efficiency of the estimates relative to those based on a single dichotomous choice question. We test and control for response bias, in the form of anchoring and a shift effect, that may occur in data collected using a dichotomous choice double-bounded (DBDC) elicitation format. We highlight the importance of identifying and correcting for response bias in DBDC models on a case-by-case basis.Our estimation results show that there is no significant difference in the willingness to pay for a day of recreational fishing across individuals who caught different number of fish in either fishery. This suggests that high and low catch fishers placed the same value on a day’s fishing.

Item Details

Item Type:Refereed Article
Keywords:anchoring, contingent valuation, recreational fishing, response bias
Research Division:Economics
Research Group:Applied economics
Research Field:Environment and resource economics
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Microeconomics not elsewhere classified
UTAS Author:Yamazaki, S (Dr Satoshi Yamazaki)
UTAS Author:Rust, S (Dr Steven Rust)
UTAS Author:Jennings, SM (Dr Sarah Jennings)
UTAS Author:Lyle, JM (Associate Professor Jeremy Lyle)
UTAS Author:Frijlink, SD (Mr Sven Frijlink)
ID Code:80502
Year Published:2013
Web of Science® Times Cited:2
Deposited By:Economics and Finance
Deposited On:2012-11-01
Last Modified:2018-03-20

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