Environmental Economics

Contingent Valuation Assessment of the Economic Damages of Pollution to Marine Recreational Fishing

In an extensive earlier paper (Cameron, 1988a) the author developed a fully utility-theoretic model for the demand for recreational fishing access days, applied to a sample of 3366 Texas Gulf Coast anglers. The model employs "contingent valuation" and "travel cost" data, jointly, in the process of calibrating a single utility function defined over fishing days versus all other foods and services The theoretical specification (quadratic direct utility) and the econometric implementation will not be reproduced here. In this application, the author supplements the original data set with information from the ongoing Resource Monitoring Program of the Texas Department of Parks and Wildlife. The RMP concerns all species, but the report focuses on the abundance of the primary game fish (red drum) across the eight major bay systems and over time. This improves upon earlier studies which utilize endogenous actual catch information. The author allows the parameters of the underlying utility function to vary systematically with exogenously measured abundance to assess the impact of this important resource attribute upon the demand for access days. The author uses empirical estimates ( and counterfactual simulations) of equivalent variation as measures of the social value of the fishery under current conditions and under alternative fish stock scenarios.
The report is available in this database, but has been divided into two files to facilitate downloading. The report consists of several papers and supporting materials for each. File 1 contains the report’s introductory material and the first paper - The Non-market Value” of Water Quality Estimates for Texas’ Marine Estuarine Sportfishery as well as the second paper - Using the Basic “Auto-validation” Model to Assess the Effect of Environmental Quality on Texas Recreational Fishing Demand: Welfare Estimates -- and two appendices. File 2 contains Supplementary Tables for the second paper as well as the third paper - Combining Contingent Valuation and Travel Cost Data for the Valuation of Non-market Goods and several appendices.

  • Keywords

    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Stated Preference
    1. Benefits Analysis - Valuation - Stated Preference - Contingent Valuation
    Environmental Media:
    b. Water
    b. Water - Surface
    Cameron, Trudy A.
    EPA Project Officer/ Manager:
    Kealy, Mary Jo
    Geographic Area:
    Study Purpose:
    Empirical Application
    Report Series:
    Combining Contingent Valuation and Travel Cost Data for the Valuation of Marine Recreational Fishing Demand
    Inventory Record #: EE-0001
    List of all reports in the Series:
  • Participating Organizations

    Research Organization:

    California at Los Angeles, University of, Department of Economics
    Address: 405 Hilgard Avenue
    City: Los Angeles State: CA ZIP: 90024
    Phone: Fax:
    Funding Organization:
    Environmental Protection Agency,
    Office of Policy, Planning and Evaluation, Economic Analysis and Research Branch
    City: Washington State: DC ZIP: 20460
    Phone: Fax:
  • Report Details
    Number of Pages:
    EPA #:
    Grant/Contract #:
    CR 814656-02
  • How to Obtain Report

    Download report now
    Use link(s) to download or view the report

    Date Linked: 05/28/2009