The value of recreational fishing in the Great Barrier Reef, Australia: A pooled revealed preference and contingent behaviour model

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The value of recreational fishing in the Great Barrier Reef, Australia: A pooled revealed preference and contingent behaviour model

By CostBenefit on Nov 2, 2009 | In General, Water, Academic Study/Journal Article, Australia, New Zealand, Contingent Valuation, Surveys,.., Travel Cost Method, Environmental Economics / Ecological Economics, Costs and Benefits, Recreation | Send feedback »

Link: http://dx.doi.org/10.1016/j.marpol.2009.07.002

Abstract: Given the focus on protecting natural assets in the Great Barrier Reef Marine Park in Australia, it is important for managers and policy makers to understand the value of recreational fishing in the area, and how changes in management may affect those recreational values. Travel cost methods were used to estimate the value of recreational fishing in the Capricorn Coast in Central Queensland using data from on-site surveys conducted at boat ramps. The study also uses contingent behaviour models to estimate the change in the value of recreational fishing as conditions vary. Results indicate that there are high values associated with recreational fishing activity along the Capricorn Coast, and that the demand for recreational fishing is inelastic and that values are relatively insensitive to changes in catch rates.

by Prabha Prayaga 1, John Rolfe 1 and Natalie Stoeckl 2
1. Centre for Environmental Management, Central Queensland University, Bruce Highway, Rockhampton, QLD 4702, Australia
2. School of Business, James Cook University, Townsville, QLD, Australia
Marine Policy via Elsevier Science Direct www.ScienceDirect.com
Volume 34, Issue 2; March, 2010; pages 244-251

In "The value of recreational fishing along the Capricorn Coast: A pooled revealed preference and contingent behaviour model" which was presented at the 53rd annual conference of the Australian Agricultural and Resource Economics Society, Cairns, February 2009) available in full at:
http://ageconsearch.umn.edu/bitstream/48059/2/Prayaga.pdf
these same authors concluded:

The current study demonstrates that recreational anglers have a high value for the opportunity to fish in the Capricorn Coast region of the GBRMP. The consumer surplus per trip for fishing on the Capricorn Coast estimated from the travel cost model is $385.34 per group, which extrapolates to a total annual consumer surplus value of approximately $ 5.53 million.
...
The change in the value of recreational fishing ranged from a decrease of $110,992 for catch rates down 25% to an increase of $487,416.60 for a 50% chance of catching a legal sized red emperor. Most changes, apart from catch rates up 25% and an increased chance of catching a red-emperor, generate less than a 10% change in total CS, indicating that recreational fishing values are relatively ‘insensitive’ to a range of variables – including price, income, crowding, algae and minor changes in catch rates.