Revenue targeting in fisheries
Nguyen, Quang ORCID: https://orcid.org/0000-0002-2999-194X and Leung, PingSun
(2013)
Revenue targeting in fisheries.
Environment and Development Economics, 18
(5)
.
pp. 559-575.
ISSN 1355-770X
[Article]
(doi:10.1017/S1355770X13000144)
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Abstract
We apply the target revenue model, a version of prospect theory, to investigate how fishermen adjust their trip length to changes in daily revenue. The key finding is that certain groups of fishermen seem more likely to behave according to the target revenue model rather than to the standard model of labor supply. We also find that vessel capacity has little effect on whether the captains seek target revenue. The study strongly supports the integration of prospect theory into the framework of labor supply analysis.
Item Type: | Article |
---|---|
Research Areas: | A. > Business School > Economics A. > Business School > International Management and Innovation |
Item ID: | 15992 |
Notes on copyright: | This article has been published in a revised form in Environment and Development Economics http://dx.doi.org/10.1017/S1355770X13000144. This version is free to view and download for private research and study only. Not for re-distribution, re-sale or use in derivative works. © Cambridge University Press 2013 |
Useful Links: | |
Depositing User: | Quang Nguyen |
Date Deposited: | 14 May 2015 10:03 |
Last Modified: | 08 Jun 2022 17:29 |
URI: | https://eprints.mdx.ac.uk/id/eprint/15992 |
Available Versions of this Item
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Revenue targeting in fisheries. (deposited 10 Dec 2013 05:17)
- Revenue targeting in fisheries. (deposited 14 May 2015 10:03) [Currently Displayed]
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