Random Utility Models of Recreational Fishing: Catching Fish Using a Poisson Process

Abstract

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.sportfishing, creel limits, expected catch, Environmental Economics and Policy, Resource /Energy Economics and Policy,