2 American Community Survey estimates are based on data collected over a three year time period. The estimates represent the average characteristics of population and housing between January 2006 and December 2008 and do not represent a single point in time. Because these data are collected over three years, they include estimates for geographic areas with populations of 20,000 or more.
4 Chevront, Brian. 2003. A Social and Economic Analysis of Commercial Fisheries in North Carolina: Beaufort Inlet to The South Carolina State Line. Division of Marine Fisheries. North Carolina Department of Environment and Natural Resources, P.O. Box 769, Morehead City, NC 28557-0769
5 A simple framework for evaluating the economic effects of sportfishing trip regulations was presented by McConnell and Strand (1981).
6 The assumption of a constant consumer surplus per trip is common in popular travel cost models such as those based on count data or discrete choice specifications, especially when the assumption of repeated-choice is employed (Hellerstein and Mendelsohn 1993; Morey 1994). We also make the assumption of a constant marginal utility of income such that there is no difference between compensated or uncompensated measures of consumer surplus (Johanssen 1987 pp. 62-66). This assumption implies that demands, including the demand for red snapper fishing, are independent of income with, for example, a utility function that is separable in a numéraire good, U = U(q1,…,qn-1,x) + qn.
7 The recreational red snapper fishing season in 2009 was longer than the “status quo” season and any of the proposed fishing seasons for 2010.
8 Values for two of the climate variables, ACE and Bermuda High, were not available for the periods from 2008 to 2009 and 2006 and 2009, respectively. Historic monthly averages were used in place of these missing monthly observations.