. 2016 Feb 16;113(10):2615–2620. doi: 10.1073/pnas.1509456113

Table 1.

Changes in the probability of taking a fishing trip resulting from the fixed effect logit model of the probability of fishing

Period	Mean probability of taking a trip	Effect of $1,000 increase in expected revenue		Effect of a high wind day		Marginal rate of substitution	Mean revenue per trip ($2012)
Period	Mean probability of taking a trip	Change in probability	Estimated coefficient	Change in probability	Estimated coefficient	Marginal rate of substitution	Mean revenue per trip ($2012)
Pre-ITQ	23.8%	—	−0.002	−31.3%	−0.376^***	—	14.8
Post-ITQ	3.5%	4.3%	0.042^***	−82.0%	−1.387^***	33.0	11.0
Percentage change	−85.3%

Number of observations: 223,976. Vessel fixed effects included. Marginal rate of substitution and mean revenue are in thousands of 2012 dollars.

^***

P < 0.001.