The Reliability of Sportfishing Demand and Value Estimates: Evidence from the Gulf of Mexico

Authors

David W. Carter, NOAA Southeast Fisheries Science CenterFollow
Sabrina Lovell, NOAA Fisheries, Office of Science and TechnologyFollow
David Records, NOAA Fisheries Southeast Regional OfficeFollow
Christopher Liese, NOAA Southeast Fisheries Science CenterFollow

Document Type

Research Article

Abstract

Estimates of the value of recreational fishing are widely used in policy analysis. For example, NOAA Fisheries calculates the change in economic value anticipated with proposed changes in saltwater fishing regulations. Studies to generate new estimates of economic value are costly and time consuming. It is, therefore, important to understand the reliability of value estimates over time in order to know when a study needs to be replicated to remain relevant for policy analysis. We replicated a sportfishing demand study in the Gulf of Mexico during 2020 and 2022 and compared the demand model parameters and related measures of willingness to pay. Our results suggest that the demand for and value of recreational fishing were relatively stable over the study period.

Recommended Citation

Carter, David W.; Lovell, Sabrina; Records, David; and Liese, Christopher (2024) "The Reliability of Sportfishing Demand and Value Estimates: Evidence from the Gulf of Mexico," Journal of Ocean and Coastal Economics: Vol. 11: Iss. 1, Article 3.
DOI: https://doi.org/10.15351/2373-8456.1178

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This work is licensed under a Creative Commons Attribution 4.0 License.