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A Bayesian Methodology for Estimating the Impacts of Improved Coastal Ocean Information on the Marine Recreational Fishing Industry
Author:
Kenneth Wieand a
| Affiliation: | a Department of Finance, College of Business Administration, University of South Florida, Tampa, Florida, USA |
DOI:
10.1080/08920750701866436
Publication Frequency:
6 issues per year
First Published on:
01 March 2008
Subjects:
Environmental Management;
Environmental Policy;
Fisheries & Related Industries;
Marine Science;
Water Engineering;
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Abstract
The study develops a model of recreational fish catch probabilities, based on angler fishing strategies, that is conditional on uncertain information about the coastal ocean environment. We calculate expected catch based on a hypothetical Baseline Data Set and hypothetical data from an Integrated Ocean Observation System (IOOS) to demonstrate potential benefits from IOOS. The role of Bayesian probabilities in Random Utility Models of recreational fishing is identified. The study discusses the types of information that will be required by recreational anglers in the Gulf of Mexico. Results have implications for the construction of ocean observation systems for recreational fishermen.
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| Keywords: Bayesian models; coastal ocean conditions; recreational fishing |
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