A contingent valuation of recreational fishing in Tasmania

„h The best economic outcome is achieved in a fishery when the total allowable catch has been allocated among competing groups so the value of the last fish caught to each group is the same. „h Estimating the total value to recreational fishers of additional fish caught is complicated by the fact the recreational fishing experience is not bought or sold in a market (i.e. is a non-market good). „h This means that a special method of determining its value must be used which does not rely on price data that is usually available from market transactions.