? la carte Management of Recreational Resources: Evidence from the US Gulf of Mexico

摘要

Externalities from recreation scale at the extensive and intensive margins of resource interaction. Recreators have dif-ferentiated demands for these margins, so unbundling the prices of access and intensive depletion could improve on traditional man-agement. We use choice experiment data from U.S. Gulf of Mexico recreational headboat anglers to estimate structural models of trip and red snapper retention demand, then sim-ulate aggregate harvest across a range of trip and harvest tag prices. In our simulations, the red snapper harvest tag market equilibrates at $15 per tag and generates $760,000 in man-agement revenues per year while more effi-ciently allocating harvest. ( JEL Q22, Q26)