- Title
- The willingness to pay for dusky kob (Argyrosomus japonicus) restocking: using recreational linefishing licence fees to fund stock enhancement in South Africa
- Creator
- Palmer, Ryan M, Snowball, Jeanette D
- Date
- 2009
- Type
- text
- Type
- article
- Identifier
- http://hdl.handle.net/10962/71322
- Identifier
- vital:29833
- Identifier
- https://doi.org/10.1093/icesjms/fsp075
- Description
- The economic feasibility of stock enhancement of Argyrosomus japonicus in South Africa was investigated using a willingness-to-pay (WTP) survey. The pilot study provides a unique example of the use of the contingent valuation method as a valuation tool for a proposed stock enhancement programme. An increase in the cost of a recreational fishing permit is used as a potential vehicle of payment. The median value of the maximum that fishers were willing to pay for a recreational fishing permit was R155 (South African Rand) for frequent fishers and R100 for non-frequent fishers. Analysis showed that a fee of more than R100 excluded up to 50% of anglers from the fishery, but that a fee of R100 excluded only 28% of recreational anglers and would generate an additional R12 million annually from the sale of recreational fishing permits. The estimated costs of set-up and running of a stock enhancement programme are substantially lower than this, suggesting that stock enhancement may be an economically feasible management option that deserves more investigation. The WTP method itself produces robust results and is likely to be an effective tool in the management of the marine environment.
- Format
- 5 pages, pdf
- Language
- English
- Relation
- ICES Journal of Marine Science, Palmer, R.M. and Snowball, J.D., 2009. The willingness to pay for dusky kob (Argyrosomus japonicus) restocking: using recreational linefishing licence fees to fund stock enhancement in South Africa. ICES Journal of Marine Science, 66(5), pp.839-843., ICES Journal of Marine Science volume 66 number 5 839 843 April 2009 1095-9289
- Rights
- Palmer, Ryan M and Snowball, Jeanette D
- Rights
- Use of this resource is governed by the terms and conditions of the Oxford Academic Journals Open Access statement (https://academic.oup.com/journals/pages/open_access)
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Snowball, Jeanette D (Prof)
RU Department of Economics and Economic History
SDG 08. Decent Work and Economic Growth
RU Department of Ichthyology and Fisheries Science
SDG 14. Life Below Water
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