Using Revealed Preferences to Infer Environmental Benefits:Evidence from Recreational Fishing Licenses

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Using revealed preferences to infer environmental benefits, evidence from recreational fishing licenses

We develop and apply a new method for estimating the economic benefits of an environmental amenity. The method is based upon the notion of estimating the derived demand for a privately traded option to utilize an open access good. In particular, the demand for state fishing licenses is used to infer the benefits of recreational fishing. Using panel data on state fishing license sales and prices...

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ژورنال

عنوان ژورنال: Journal of Regulatory Economics

سال: 2005

ISSN: 0922-680X,1573-0468

DOI: 10.1007/s11149-005-3107-7