Modeling Trip Count Data with Excess Zeros for U.S. Saltwater Recreational Fishing
Journal Title: Journal of Economics and Business - Year 2019, Vol 2, Issue 3
Abstract
Count data, such as recreational fishing trips taken by anglers, is increasingly common in recreational fishing demand analysis. Because of the non-negative integer nature of the recreational fishing trip data, some over-dispersion problems, and truncation of the data at zero trips, count data models are more appropriate for estimating the recreational fishing demand function. This study employed count data models to analyze U.S. saltwater recreational fishing trips with excess zeros, using a cross-sectional data extracted from the 2011 National Survey of Fishing, Hunting, and Wildlife Associated Recreation. Using Akaike Information Criterion and Bayesian Information Criterion, the zero-truncated negative binomial model was selected among other count data models better fitted in this count data for this study. Empirical results of this study provide insight into the determinants of saltwater recreational fishing trips, which can be used in analyzing the social and economic values of saltwater recreational fisheries management.
Authors and Affiliations
Yeong Nain Chi, Guang-Hwa Andy Chang
Keywords
Related Articles
- EP ID EP646510
- DOI 10.31014/aior.1992.02.03.126
- Views 104
- Downloads 0
Indirect Effect on Trust on Customer Satisfaction and Customer Loyalty Relationship in Malaysian Airline Industry
This research aims to find out the main factors that affect customer loyalty in the airline industry in Malaysia because customer loyalty is regarded as the ultimate goal for the marketing behavior (Heskett, 2002; McMull...
The Intrinsic Attribute of Digital Currency
With the advent of the fourth industrial revolution, the sharing economy based on Internet, big data analysis, artificial intelligence, and cloud computing came into being. Similarly, Subversive changes in interactive in...
The Effect of Good Corporate Governance on Tax Avoidance of Listed Companies in Indonesian Stock Exchange in 2015-2017
The purpose of this research was to find out the effect of mechanism good corporate governance on tax avoidance. The mechanism of good corporate governance was proxied in executive compensation, executive character, comp...
What Drives Government Security Yields in Developing Countries? Evidence from the Countries in the West African Economic and Monetary Union (WAEMU)
The purpose of this study is to analyze the determinants of government security yields in relation to the recent development of WAEMU government securities market. The determinants are grouped into three categories of fa...
Estimating the Value of the Lebanese Oil Resources Modeling and Forecasting Oil Price
The aim of this paper is to estimate the value of the Lebanese oil resources. It presents an overview of the natural resources within the Lebanese territories and economic zone. Furthermore, it analyses the oil spot pric...