RT Journal Article
SR Electronic
T1 “A la carte” management of recreational resources: Evidence from the US Gulf of Mexico
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 112421-0140R
DO 10.3368/le.112421-0140R
A1 Brenna Jungers
A1 Joshua K. Abbott
A1 Patrick Lloyd-Smith
A1 Wiktor Adamowicz
A1 Daniel Willard
YR 2022
UL http://le.uwpress.org/content/early/2022/09/14/le.112421-0140R.abstract
AB Externalities from recreation scale at both the extensive and intensive margins of resource interaction. Recreators have differentiated demands for these margins, so unbundling the prices of access and intensive depletion could improve upon traditional management. We use choice experiment data from US Gulf of Mexico recreational headboat anglers to estimate structural models of trip and red snapper retention demand, then simulate aggregate harvest across a range of trip and harvest tag prices. In our simulations, the red snapper harvest tag market equilibrates at $15 per tag and generates $760,000 in management revenues per year while more efficiently allocating harvest.