Utility theoretic approach to estimating the demand for and benefits from recreational fishing: the impact of acid rain
The Adirondack State Park has been hit especially hard by acid precipitation. Acid precipitation impacts particular species of fish at various high altitudes sites in the park. The author estimates consumer surplus measures for changes in a variable to proxy the stock size of these species at specific sites. To do this he first estimates the individual's demand for a recreation site as a function of site prices and the site's characteristics. The demand function for the individual is derived from a utility function. A travel cost approach is used to estimate an individual's share of total fishing time spent at a five fishing site. The shares are estimated by maximum likelihood and the results indicate that price and the three characteristics do explain the allocation of the individual's time spent at the various sites selected for the analysis. Finally, consumer surplus measures for a reduction in the catch rates of the species most likely to be affected by Acid Precipitation are calculated. The meaning of these measures in the context of a model that assumes weak separability is examined. These reductions in catch rates can be linked to changes in the level of Acid Precipitation in the Park, and this provides us with a method for quantifying the impact of acid precipitation on recreation fishing.
- Research Organization:
- Colorado Univ., Boulder (USA)
- OSTI ID:
- 5328606
- Country of Publication:
- United States
- Language:
- English
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54 ENVIRONMENTAL SCIENCES
ACID RAIN
ANIMALS
AQUATIC ORGANISMS
ATMOSPHERIC PRECIPITATIONS
ECONOMIC ANALYSIS
ECONOMIC IMPACT
ECONOMICS
ENVIRONMENTAL IMPACTS
FISHES
RAIN
RECREATIONAL AREAS
SURFACE WATERS
VERTEBRATES