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AN ECONOMIC EVALUATION OF THE FLORIDA SALTWATER RESIDENT RECREATIONAL FISHERY

It is the primary purpose of this study to develop a theoretical framework that can be used to analyze Florida's resident recreational anglers' behavior toward fishing days per trip. This is accomplished by focusing on linkages between household budgeting and recreational fishermen's behavior. The flexibility is also introduced in the theoretical model to accommodate the influence of household income on the demand for fishing days per trip through the concept of allocated household income for fishing. In addition, extended within this theoretical framework is the Pearce-Gibbs travel cost model by introducing a non-linear budget constraint. / Empirical results indicate that household income does not explain Florida resident anglers' demand for fishing days per trip. This conclusion is based on the fact that the results of the household income variable are statistically insignificant. However, there is some evidence that allocated income (i.e., money currently available) is a more appropriate variable for explaining the demand for fishing days per trip. / The second and third objectives of the study were to estimate Hicksian and Marshallian user value for a day's fishing and the value of Florida's resident saltwater recreational fishery, respectively. It is found that the Hicksian compensating and equivalent variations did not diverge much in magnitude from the Marshallian consumer surplus. This is due to the fact that the income effect is generally very small. The annual 1980 value of the resident saltwater fishery ranges from $299.27 million to \$6.075 billion. The value of $1.6 billion obtained by Bell, {\it et al.} (1982) falls in the range of our estimates. / Lastly, empirical results are consistent with the current move toward a resident saltwater fishing license in the state of Florida. Selling an artificial property right, i.e., a saltwater fishing license, for common property fishery resources is an essential pre-condition in establishing more effective management policy to protect marine fishery resources. This policy prevents free-riders from exploiting marine fishery resources and reduces Hardin's "The Tragedy of the Commons." / Source: Dissertation Abstracts International, Volume: 48-10, Section: A, page: 2684. / Thesis (Ph.D.)--The Florida State University, 1987.

Identiferoai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_76167
ContributorsGLASURE, YONG UN., Florida State University
Source SetsFlorida State University
Detected LanguageEnglish
TypeText
Format239 p.
RightsOn campus use only.
RelationDissertation Abstracts International

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