How can we produce defensible estimates of value, effort shifts, and economic impacts for particular species of fish?
We have to rely on stated preference choice experiments (SPCE), or conjoint surveys, to gather this data. We have conducted a number of these surveys, see list below, and we have pledged to cover all species covered by a management plan as soon as possible. We have picked this methodology because we don’t have a time series of economic data, and even in areas where we have a short time series, there is not enough variation in the regulations over those years to estimate relationships.
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