The study establishes the value in recreational use of Florida's saltwater tourist fishery, using exact Hicksian compensating and equivalent variation methods. The Hicksian approach removes the approximating error of Marshall's consumer's surplus measures. The theoretical model underlying the angling experience emphasizes the multi-purpose nature of the tourist trip. It is based upon a Gibbs-type approach in which variable on-site cost proxies market price and travel cost enters the budget constraint. On-site cost and angling success rate are explicitly incorporated into a system of behavioral relations. Some restrictive assumptions found in similar studies are relaxed with composite goods utility. Empirical estimates for aggregated and subgroup angling categories are made with multiple equation models of identified linear and non-linear specifications. There is some evidence that shore anglers might be more and less sensitive to changes in on-site cost and success rate, respectively. Single equation models are also used, but exhibit downward coefficient bias. Results corroborate the findings of previous studies that the market and non-market values of Florida's marine recreational fishery are very large relative to state product and/or commercial sector activity. Inelastic short run price and success rate elasticity is confirmed. Hicksian methods are not shown to be significantly more accurate than most Marshallian ones, except in the case of the direct aggregate user opinion method. Sensitivity analysis offers policy implications supporting a marine tourist fishing license and stock rebuilding schemes, such as bag limits for depleted species. The unrecoverable deadweight burden to society caused by a $10 annual tourist fishing license is less than one percent of the $31 million in direct, adjusted license revenues estimated to be forthcoming annually. / Source: Dissertation Abstracts International, Volume: 45-09, Section: A, page: 2917. / Thesis (Ph.D.)--The Florida State University, 1984.
| Identifer | oai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_75379 |
| Contributors | GREEN, TRELLIS GARNETT., Florida State University |
| Source Sets | Florida State University |
| Detected Language | English |
| Type | Text |
| Format | 201 p. |
| Rights | On campus use only. |
| Relation | Dissertation Abstracts International |
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