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Economic valuation of recreational fishing in Western Australia AgEcon
Raguragavan, Jananee; Hailu, Atakelty; Burton, Michael P..
Allocation of fish resource is a controversial subject. Decision making is partly made difficult by the lack of knowledge on recreational fishing preferences and the value of fishing opportunities. This study investigates fishing site choices in Western Australia. Recreational fishing data covering the eight major fishing regions and fourty eight fishing sites in the State are used. The data are used to estimate a random utility model (RUM) of site choice behaviour with a supporting negative binomial econometric model of angler and fish-specific expected catch rates. We provide value estimates for different fish types, fishing site attribute changes as well as site access values. It is argued that sound economic value estimates can be starkly different...
Tipo: Working or Discussion Paper Palavras-chave: Non-market valuation; Recreational fishing; Random utility models; Fisheries management; Marine environment management; Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/97473
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Agri-environmental Regulation on the Back of a Data Envelopment Analysis AgEcon
White, Benedict; Raguragavan, Jananee; Chambers, Robert G..
A land retirement policy whereby land is taken out of agriculture and converted to natural vegetation or forestry has the potential to reduce environmental damage related to dryland salinity in Western Australia. This paper uses some recent results in the theory of directional distance functions (Chambers and Fare, 2004) to analyse alternative policy designs for a land retirement scheme. The results indicate that a fixed price scheme is inefficient compared with a first-best solution, but performs adequately. A scheme requiring a fixed proportion of area retired by all producers is inefficient. A separating solution, based on mechanism design, gives a small but significant increase in welfare compared to a fixed price scheme.
Tipo: Conference Paper or Presentation Palavras-chave: Agri-environmental policy; Distance functions; Efficiency; Mechanism design; Environmental Economics and Policy; Q12.
Ano: 2007 URL: http://purl.umn.edu/7963
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