Evaluating the Economic Impact of Recreational Charter Fishing in Florida Using Hedonic Price and Economic Impact Analysis
- Image
- View Full Item
- Created Date
- 2016-07-06
- Description
Florida is the “Fishing Capital of the World”. With 3.1 million recreational anglers and total recreational fishing-related expenditures of $5 billion in 2011, Florida ranked first in the nation. Given the large benefits of recreational fishing in Florida, assessing the preferences of anglers is critical for sustaining the substantial benefits obtained from recreational fishing in Florida. The objective of this study is to estimate the value of fishing attributes using data on recreational fishing services offered by guides and outfitters. Hedonic price models are applied to estimate the implicit prices of fishing trip attributes and features. The estimated total economic impacts suggest that recreational fishing activities have added $151.19 million value to the economy of Florida and generated $69.73 million in total output. The results can be used by state and national policymakers for future policy design and management of this unique ecosystem service to ensure a sustainable economy.
- Creator
Asadi, Mehrnoosh
- Contributing Institution
- Florida International University Libraries
- Subjects
- Recreational fishing
Guides and outfitters
Hedonic price model
Implicit price
Fishing attributes
Environmental Studies - Standardized Rights Statement
- In Copyright:This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).
- Chicago citation style
- Asadi, Mehrnoosh. Evaluating the Economic Impact of Recreational Charter Fishing in Florida Using Hedonic Price and Economic Impact Analysis. 2016-07-06. Retrieved from the Digital Public Library of America, https://digitalcommons.fiu.edu/etd/2547. (Accessed April 17, 2024.)
- APA citation style
- Asadi, Mehrnoosh, (2016-07-06) Evaluating the Economic Impact of Recreational Charter Fishing in Florida Using Hedonic Price and Economic Impact Analysis. Retrieved from the Digital Public Library of America, https://digitalcommons.fiu.edu/etd/2547
- MLA citation style
- Asadi, Mehrnoosh. Retrieved from the Digital Public Library of America <https://digitalcommons.fiu.edu/etd/2547>.