Journal Article

Limiting Environmental Program Contradictions: A Demand Systems Application to Fishery Management

Frank A. Ward, Richard A. Cole, Robert A. Deitner and Catherine A. Green-Hammond

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 79, issue 3, pages 803-813
Published in print August 1997 | ISSN: 0002-9092
Published online August 1997 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/1244422
Limiting Environmental Program Contradictions: A Demand Systems Application to Fishery Management

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Economically efficient natural resource policy requires the comprehensive management of environmental improvements over a system of sites. Use of multisite demand and benefit models can reduce the number and cost of environmental program contradictions. In this paper we present a multisite demand model that incorporates several quality dimensions for a system of New Mexico fishing sites. Use of the model permits managers to improve total welfare at lower cost by simultaneously distributing opportunity across all elements in resource users' choice sets. Model results show that errors that result from independently adding values of interdependent program elements approach 50%.

Keywords: cost-benefit analysis; demand systems; environmental policy; fisheries management; Q220

Journal Article.  0 words. 

Subjects: Renewable Resources and Conservation

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