Valuation Of Watershed And Fisheries Of Lake Tana Application Of Choice Experiment

In this thesis. the technique 0/ choice experiment was applied/or valuation 0/ Lake Tana'srnfishelJl and watershed. Two attributes - fishing control and lake side plantation werernidentified as relevant attributes that must be included in the choice experiment. A monetcliJirnallribute - payment/or fishing permit was also included.rnThe fishermen actively participating in fishing on Lake Tana were taken as re:,pondents.rnMultinomial and random parameter logit models were used /01' estimation. All thernattributes included were significant factors in affecting the probability 0/ choosing anrnalternative scenario. Fishermen were more concerned about fishing control i.e. they givernhigher value to .fishing control than lake side plantation. This was implied by theirrnmarginal willingness to pay /01' the attributes. The marginal willingness to pay .for fishingrncontrol was 15 birr per month while lor lake side plantation it was 50 cents per month.rnSome socioeconomic variables were included in the modeling. Monthly household income,rnyears 0/ education, and /amily size were found to be significant at the standard levels 0/rnsignificance.rnMoreover. an economic welfare measure was calculated lor two scenarios. The resultsrnsuggest that .fishermen are willing to pay 57 birr per month lor a moderate scenariornimprovement and 93 birr per month lor aggressive scenario improvement in thosernallribUies.

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