Abstract
This paper develops a methodology for investigating different specifications of angling quality in recreational demand models. The methodology is used to compare three alternative specifications of the relationship between angling demand and site quality. The site quality alternatives include chemical concentrations, biological stress indices based on the chemicals, and catch per unit effort. The three alternatives are differentiated using a likelihood ratio non-nested testing procedure.
Original language | English (US) |
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Pages (from-to) | 389-399 |
Number of pages | 11 |
Journal | Environmental & Resource Economics |
Volume | 6 |
Issue number | 4 |
DOIs | |
State | Published - Dec 1995 |
Externally published | Yes |
Keywords
- count data
- fishing
- non-nested tests
- travel cost
- willingness-to-pay
ASJC Scopus subject areas
- Economics and Econometrics
- Management, Monitoring, Policy and Law