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Vessel Entry-Exit Behavior in the Gulf of Mexico Shrimp Fishery

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  • John M. Ward
  • Jon G. Sutinen

Abstract

Given the heterogeneous nature of the fishing fleet and complex vessel behavior, traditional marginalist supply models are not well suited for modeling vessel mobility. A discrete choice model is utilized here to predict the probability that a vessel will enter, exit, or remain in the Gulf of Mexico shrimp fishery based on a myopic profit maximization criterion. The multinomial logit model indicates that fisherman behavior is not influenced by stock variability. The crowding externality as represented by size of fishing fleet exhibits a strong negative impact on the probability of entry, independent of changes in abundance, exvessel prices, or harvest costs. The Gulf of Mexico shrimp fishery was not an autonomous system of fishing vessels as initially believed.

Suggested Citation

  • John M. Ward & Jon G. Sutinen, 1994. "Vessel Entry-Exit Behavior in the Gulf of Mexico Shrimp Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(4), pages 916-923.
    • Handle: RePEc:oup:ajagec:v:76:y:1994:i:4:p:916-923.
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    File URL: http://hdl.handle.net/10.2307/1243751
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    Cited by:

    1. Yamazaki, Satoshi & Resosudarmo, Budy P. & Girsang, Wardis & Hoshino, Eriko, 2018. "Productivity, Social Capital and Perceived Environmental Threats in Small-Island Fisheries: Insights from Indonesia," Ecological Economics, Elsevier, vol. 152(C), pages 62-75.
    2. Martinet, Vincent & Thebaud, Olivier & Doyen, Luc, 2007. "Defining viable recovery paths toward sustainable fisheries," Ecological Economics, Elsevier, vol. 64(2), pages 411-422, December.
    3. Da Rocha Alvarez, Jose Maria & Prellezo, Raul & Sempere, Jaume & Taboada-Antelo, Luis, 2016. "Fleet dynamics and capital malleability," MPRA Paper 75370, University Library of Munich, Germany.
    4. Da Rocha Alvarez, Jose Maria & Prellezo, Raul & Sempere, Jaume & Taboada-Antelo, Luis, 2016. "Fleet dynamics and overcapitalization under rational expectations," MPRA Paper 79578, University Library of Munich, Germany.
    5. Pascoe, Sean & Hutton, Trevor & van Putten, Ingrid & Dennis, Darren & Skewes, Tim & Plagányi, Éva & Deng, Roy, 2013. "DEA-based predictors for estimating fleet size changes when modelling the introduction of rights-based management," European Journal of Operational Research, Elsevier, vol. 230(3), pages 681-687.
    6. Håkan Eggert & Ragnar Tveteras, 2004. "Stochastic Production and Heterogeneous Risk Preferences: Commercial Fishers' Gear Choices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(1), pages 199-212.
    7. José-María Da-Rocha & Raul Prellezo & Jaume Sempere & Luis Taboada Antelo, 2017. "A dynamic economic equilibrium model for the economic assessment of the fishery stock-rebuilding policies," Serie documentos de trabajo del Centro de Estudios Económicos 2017-01, El Colegio de México, Centro de Estudios Económicos.
    8. Ingrid van Putten & Emmanuelle Quillérou & Olivier Guyader, 2012. "How constrained? Entry into the French Atlantic fishery through second-hand vessel purchase," Post-Print hal-00815455, HAL.
    9. Tim M Daw & Joshua E Cinner & Timothy R McClanahan & Katrina Brown & Selina M Stead & Nicholas A J Graham & Joseph Maina, 2012. "To Fish or Not to Fish: Factors at Multiple Scales Affecting Artisanal Fishers' Readiness to Exit a Declining Fishery," PLOS ONE, Public Library of Science, vol. 7(2), pages 1-10, February.
    10. Chang, Hung-Hao & Boisvert, Richard N. & Hung, Ling-Yi, 2010. "Land subsidence, production efficiency, and the decision of aquacultural firms in Taiwan to discontinue production," Ecological Economics, Elsevier, vol. 69(12), pages 2448-2456, October.
    11. Junjie Zhang & Martin Smith, 2011. "Heterogeneous Response to Marine Reserve Formation: A Sorting Model approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(3), pages 311-325, July.
    12. Kiyama, Shoichi & Yamazaki, Satoshi, 2022. "Product switching and efficiency in a declining small-scale fishery," Ecological Economics, Elsevier, vol. 193(C).
    13. Kim, Tae Goun & Grigalunas, Thomas A. & Han, Kyung-Nam, 2008. "The economic costs to fisheries because of marine sand mining in Ongjin Korea: Concepts, methods, and illustrative results," Ecological Economics, Elsevier, vol. 65(3), pages 498-507, April.
    14. Valentina Bosetti & David Tomberlin, 2004. "Fondazione Eni Enrico Mattei," Working Papers 2004.102, Fondazione Eni Enrico Mattei.

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