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The Economic Value of Marine Recreational Fishing : Case Study, Lessons, and Implications

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한국해양수산개발원 해양정책연구 해양정책연구 제15권 제1호
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109 - 136 (28page)
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The Economic Value of Marine Recreational Fishing : Case Study, Lessons, and Implications
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    초록·키워드

    Recreational fishing is a major coastal activity in the United States and is of increasing importance in Korea. Economic studies of recreational fishing are relevant for fisheries and coastal policy (e.g., wetland management), damage assessment for pollution incidents, and other policy purposes. Using data from a survey of recreational anglers in the Peconic Estuary in the United States, we apply a Travel Cost Model (TCM) in order to illustrate common issues faced when applying the TCM and the implications, for estimates of user benefits, of alternative ways of addressing these problems. Issues considered include : (1) the value of recreationists' time, (2) multi-purpose trips, (3) model specification, (4) the role of quality, (5) outliers, and (6) the importance of the fishing mode used by anglers. The results illustrate the importance of researcher judgement and factors that might be considered in similar studies in Korea.

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