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Valuing recreational fishing in Tasmania and assessment of response bias in contingent valuation
journal contribution
posted on 2023-05-17, 14:02 authored by Satoshi YamazakiSatoshi Yamazaki, Steven RustSteven Rust, Sarah JenningsSarah Jennings, Jeremy LyleJeremy Lyle, Frijlink, SDWe 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.
History
Publication title
Australian Journal of Agricultural and Resource EconomicsVolume
57Pagination
193-213ISSN
1467-8489Department/School
TSBEPublisher
Wiley-BlackwellPlace of publication
United KingdomRights statement
Copyright 2013 Australian Agricultural and Resource Economics Society Inc. and Wiley Publishing Asia Pty LtdRepository Status
- Restricted