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Revenue Risk And Fishery Choice With Linear-Exponential Utility: An Application To Bering Sea/Aleutian Islands Trawl Fisheries

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Listed:
  • House, Brett W.
  • Larson, Douglas M.
  • Terry, Joseph M.

Abstract

A discrete choice model of 1991-96 trawl groundfish fishery participation in the Bering Sea/Aleutian Islands region is developed and estimated. The model fits well, with strong risk and seasonal effects. Notably, the model uses routinely-collected data, suggesting this type of analysis can be a regular part of the management process.

Suggested Citation

  • House, Brett W. & Larson, Douglas M. & Terry, Joseph M., 1998. "Revenue Risk And Fishery Choice With Linear-Exponential Utility: An Application To Bering Sea/Aleutian Islands Trawl Fisheries," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20985, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20985
    DOI: 10.22004/ag.econ.20985
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    References listed on IDEAS

    as
    1. Homans, Frances R. & Wilen, James E., 1997. "A Model of Regulated Open Access Resource Use," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 1-21, January.
    2. Squires, Dale & Kirkley, James, 1991. "Production quota in multiproduct pacific fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 21(2), pages 109-126, September.
    3. Bockstael, Nancy E. & Opaluch, James J., 1983. "Discrete modelling of supply response under uncertainty: The case of the fishery," Journal of Environmental Economics and Management, Elsevier, vol. 10(2), pages 125-137, June.
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