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Location Choice Behavior of Gulf of Mexico Shrimpers under Dynamic Economic Conditions

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  • Ran, Tao
  • Keithly, Walter R., Jr.
  • Kazmierczak, Richard F., Jr.

Abstract

This study uses a mixed logit model to analyze monetary and nonmonetary factors that influence location choice behavior of the U.S. Gulf of Mexico shrimpers. Shrimpers’ responses to economic conditions are compared and contrasted for two periods related to changing economic conditions in the industry. Results show that even though shrimpers are generally revenue driven in choosing a fishing site, their past experience also plays an important role. Further, changes in economic conditions appear to exhibit an influence on the risk attitudes of some shrimpers.

Suggested Citation

  • Ran, Tao & Keithly, Walter R., Jr. & Kazmierczak, Richard F., Jr., 2011. "Location Choice Behavior of Gulf of Mexico Shrimpers under Dynamic Economic Conditions," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 43(1), pages 1-14, February.
    • Handle: RePEc:ags:joaaec:100648
    DOI: 10.22004/ag.econ.100648
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    References listed on IDEAS

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    1. Smith, Martin D., 2005. "State dependence and heterogeneity in fishing location choice," Journal of Environmental Economics and Management, Elsevier, vol. 50(2), pages 319-340, September.
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    Cited by:

    1. Ran, Tao & Keithly, Walter R., Jr. & Yue, Chengyan, 2014. "Reference-Dependent Preferences in Gulf of Mexico Shrimpers' Fishing Effort Decision," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 39(1), pages 1-15, April.
    2. Hynes, Stephen & Gerritsen, Hans & Breen, Benjamin & Johnson, Mark, 2015. "Fishing site choice modelling using Vessel Monitoring System data," Working Papers 262592, National University of Ireland, Galway, Socio-Economic Marine Research Unit.

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