REVENUE RISK AND FISHERY CHOICE WITH LINEAR-EXPONENTIAL UTILITY: AN APPLICATION TO BERING SEA/ALEUTIAN ISLANDS TRAWL FISHERIES

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 regu...

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Bibliographic Details
Main Authors: House, Brett W., Larson, Douglas M., Terry, Joseph M.
Format: Conference Object
Language:English
Published: AgEcon Search 1998
Subjects:
Resource /Energy Economics and Policy
Bering Sea
Aleutian Islands
Online Access:http://purl.umn.edu/20985
Description
Summary: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.

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