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A repeated nested-logit model of Atlantic salmon fishing



A repeated nested-logit model of Atlantic salmon fishing



American journal of agricultural economics 75(3): 578-592



Participation and site choice for Atlantic salmon fishing are modeled in the context of a repeated three-level nested-logit model. Consumer's surplus measures are derived for different levels of species availability in the Penobscot River, the most important salmon river in New England. For comparison, six other travel-cost models are estimated. These include restrictive cases of the nested-logit model, a partial demand model, and two single-site demand models. Comparisons across these models indicate the importance of modeling the participation decision, including income effects, and of adopting a nested-logit structure rather than a single-level logit structure.

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Accession: 002287934

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DOI: 10.2307/1243565



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