Commercial and recreational fisheries are very different: the commercial fishery is a resource extraction, processing, and retailing industry; the recreational fishery is a form of outdoor recreation, influenced not only by the availability of fish but by the environmental setting and other factors aside from fish. How can we make a fair comparison of their economic value?
Gordon Gislason, a fisheries economist from Vancouver, British Columbia, talks about a framework he has developed for analyzing and comparing the economic value of the two kinds of fisheries. As a case study, he estimated the commercial and recreational values of Chinook salmon in Pacific Canada. Please join us to hear what he found.