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Estimating the economic impacts of hypothetical grouper bag limits in the Destin/Panama City, Florida charterboat fishery
  • Published Date:
    1989
Filetype[PDF - 3.69 MB]


Details:
  • Personal Authors:
  • Corporate Authors:
    United States, National Marine Fisheries Service., Southeast Region, ; United States, National Marine Fisheries Service. ;
  • Series:
    NOAA technical memorandum NMFS-SEFC ; 227
  • Document Type:
  • Description:
    "The purpose of this study was to measure short-run economic impacts of hypothetical reef bag limits upon the charterboat industry in the Panama City and Destin ports of northwestern Florida using a 1985 survey of charterboat anglers conducted by Arndorfer and Bockstael (1986). To obtain this goal, a Tobit individual Travel Cost demand model was developed which produced estimates of short-run economic impacts on both recreational demand (annual number of trips) and recreational value (annual consumer surplus). Analytical results indicaed a median of 1.69 trips and $78 per angler per year without regulation. bag limits of 5, 2, and sero (closure of the recreational grouper fishery) were further considered. It was found that a bag limit of 5 did not affect demand and only drpped value by one dollar per year, a bag limit of two reduced demand to 1.63 trips and value to $72 annually, and a closure of the grouper fishery reduced demand to 1.55 trips and $66 annually. The impact of one more and one less grouper per trip was also considered. This is what economists refer to as marginal demand increased to 1.74 trips and $83 per angler per year. Conversely, for one less grouper per trip, demand declined to 1.61 trips and $71 per year"--Executive summary, paragraphs 1-4.

  • Supporting Files:
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