Willingness to pay for recreational fisheries in Europe

Abstract

AbstractFew studies have acknowledged and quantified the economic contribution in expenditures of recreational fisheries. Additional economic value attributed to fishers' willingness to pay (WTP) for recreational fisheries in excess of expenses was estimated for 33 countries in Europe. Benefit transfer was used in a meta‐regression analysis of 184 studies and 1001 observations of WTP per day for recreational fisheries. Most studies of fishing were in the USA, but also in Europe, Australia, New Zealand, South America and Canada. Mixed‐effects regression models were estimated with income, climate variables, population density and study characteristics as explanatory variables. Income and temperature positively affected WTP per day. Benefit transfers with these variables and different transfer methods among European countries showed that the estimated total WTP could amount to 11.4 billion USD (purchasing power parity corrected to 2020 prices). Variation in WTP per day was large, and ranged 9–62 USD among countries and transfer methods. For several countries, WTP for recreational fisheries exceeded 0.1% of gross domestic product.