search query: @author Bell, F. W. / total: 1
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| Author: | Bell, F. W. |
| Title: | The economic valuation of saltwater marsh supporting marine recreational fishing in the southeastern United States |
| Journal: | Ecological Economics
1997 : JUN, VOL. 21:3, p. 243-254 |
| Index terms: | ASSET VALUATION PRODUCTION FUNCTION RECREATION FISHING DEVELOPMENT USA |
| Language: | eng |
| Abstract: | This article is concerned with placing an economic value on the contribution of wetlands in supporting recreational fishing in the southeastern United States. A production function links the recreational catch to angler fishing effort and wetlands, and the parameters of the recreational fisheries production function are estimated using cross-sectional data by states. The estimated elasticities are substituted into a Cobb-Douglas production function. A linear demand curve for recreational fishing is postulated which shifts when there is an increase/decrease in success rate. Incremental changes in wetlands will via the production function provide incremental changes in the catch which will shift the recreational demand curve , decreasing or increasing consumer surplus. |
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