Evaluating the Economic Impact of Recreational Charter Fishing in Florida Using Hedonic Price and Economic Impact Analysis

Authors

Mehrnoosh AsadiFollow

Document Type

Thesis

Degree

Master of Science (MS)

Major/Program

Environmental Studies

First Advisor's Name

Pallab Mozumder

First Advisor's Committee Title

Committee Chair

Second Advisor's Name

Mahadev G. Bhat

Second Advisor's Committee Title

Committee Member

Third Advisor's Name

Michael Sukop

Third Advisor's Committee Title

Committee Member

Fourth Advisor's Name

Jennifer Rehage

Fourth Advisor's Committee Title

Committee Member

Keywords

Recreational fishing, guides and outfitters, Hedonic price model, implicit price, fishing attributes

Date of Defense

7-6-2016

Abstract

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.

Identifier

FIDC000774

Recommended Citation

Asadi, Mehrnoosh, "Evaluating the Economic Impact of Recreational Charter Fishing in Florida Using Hedonic Price and Economic Impact Analysis" (2016). FIU Electronic Theses and Dissertations. 2547.
https://digitalcommons.fiu.edu/etd/2547