Random Utility Models of Recreational Fishing: Catching Fish Using a Poisson Process
1995
McConnell, Kenneth E. | Strand, Ivar E | Jr. | Blake-Hedges, Lynne
This paper presents a Poisson model of expected angler catch during a sportfishing trip and employs the expected catch in a random utility model of site choice. The approach permits greater heterogeneity in expected catch and in individual welfare estimates from policies such as creel limits.
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