Brenna Jungers, J. Abbott, P. Lloyd‐Smith, W. Adamowicz, D. Willard
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Externalities from recreation scale at the extensive and intensive margins of resource interaction. Recreators have differentiated demands for these margins, so unbundling the prices of access and intensive depletion could improve on traditional management. We use choice experiment data from U.S. Gulf of Mexico recreational headboat anglers to estimate structural models of trip and red snapper retention demand, then simulate aggregate harvest across a range of trip and harvest tag prices. In our simulations, the red snapper harvest tag market equilibrates at $15 per tag and generates $760,000 in management revenues per year while more efficiently allocating harvest.
期刊介绍:
Land Economics is dedicated to the study of land use, natural resources, public utilities, housing, and urban land issues. Established in 1925 by the renowned economist and founder of the American Economic Association, Richard T. Ely at the University of Wisconsin, Land Economics has consistently published innovative, conceptual, and empirical research of direct relevance to economists. Each issue brings the latest results in international applied research on such topics as transportation, energy, urban and rural land use, housing, environmental quality, public utilities, and natural resources.